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What is the effective annual rate of interest

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Question - L. Shark is willing to lend you $10,000 for six months. At the end of six months, L. Shark requires you to repay $10,000, plus 50%. What is the effective annual rate of interest associated with L. Shark's lending activities?

a. 50%

b. 100%

c. 125%

d. 150%

Reference no: EM132779488

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