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3 Your bank will lend you 59.200 for 30 days at a cost of $101 interest What is your annual rate of interest (Use 365

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3 Your bank will lend you 59.200 for 30 days at a cost of $101 interest What is your annual rate of interest (Use 365 days in a year. Do not round Intermediate calculations. Round the final answer to 2 decimal places) 10 po Annual rate of interest b. What is your effective annual rate (U1e 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal place) Effective annual rate

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