Question: Use the add-on method for determining interest on a loan of $2850, with an annual rate of 12% and a term of 5 years. Then,

Use the add-on method for determining interest on a loan of $2850, with an annual rate of 12% and a term of 5 years. Then, determine the annual interest rate during the last month of the loan. During the last month of the loan, the annual interest rate is %. (Type a whole number.)

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