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QUESTION

Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable intwo weeks at $107.50. What is the percent

Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $107.50. What is the percent of interest paid on this loan?(Do not round intermediate calculations.Round your answer to the nearest whole percent.)

Percent of interest ____%

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