If you take out a loan for $4,000 and you will owe $4,920 after 2 years what is the rate of simple interest? Express your answer as a percentage rounded to the nearest 10th of a percent if necessary but do not include percent sign 

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?