Question: Use the add - on method for determining interest on a loan of $ 2 5 1 0 , with an annual rate of 1

Use the add-on method for determining interest on a loan of $2510, with an annual rate of 12% and a term of 4 years. Then, determine the annual interest rate during the last month of the loan.
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Part 1
During the last month of the loan, the annual interest rate is
enter your response here%.
(Type a whole number.)

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