Solve the Problem $\$ 300$ For 100 Days and Paid $\$ 2.88$

Multiple Choice

Solve the problem.
-Novelties-and-Such borrowed $\$ 300$ for 100 days and paid $\$ 2.88$ in interest. Find the rate of interest on the loan. Round to the nearest tenth.

A) $3.0 \%$
B) $3.7 \%$
C) $4.0 \%$
D) $3.5 \%$