What was the rate of interest charged by the bank
Problem
Kurt forgot to pay his $800 mortgage payment. For his 33 days overdue on his payment, the bank charged him a penalty of $25. What was the rate of interest charged by the bank? Round to the nearest hundredth percent.
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For his 33 days overdue on his payment, the bank charged him a penalty of $25. What was the rate of interest charged by the bank?
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