A radio commercial for a loan company states: "You only pay 30c a day for each $500 bomowed." if you borrow $2.337 for 275 days, what amount will you repay, and what annual interest rate is the company actually charging? (Assume a 360-day year) a. Amount you repay $2722.61 (Round to two decimal places) b. Annual interest rate (Round to four decimal places)

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