Step 1 :Calculate the interest paid by subtracting the loan amount from the amount paid back: \(1472 - 600 = 872\)
Step 2 :Calculate the monthly interest rate by dividing the interest paid by the loan amount: \(\frac{872}{600} = 1.4533333333333334\)
Step 3 :Calculate the annual interest rate by multiplying the monthly interest rate by 12: \(1.4533333333333334 \times 12 = 17.44\)
Step 4 :Final Answer: The annual interest rate paid is \(\boxed{17.44}\)