Tony took out a $10,000 loan for 73 days and was charged simple interest. The...
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Accounting
Tony took out a $10,000 loan for 73 days and was charged simple interest. The total interest he paid on the loan was $106. As a percentage, what was the annual interest rate of Tony's loan? Assume that there are 365 days in a year, and do not round any intermediate computations. If necessary
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