5. (-/3.33 Points] DETAILS BRECMBC9 10.111.012.0/100 Submissions Used MY NOTES ASK YOUR TEACH Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a %) for the simple discount note. Round dollars to the nearest cent and round effective rate to the nearest hundredth of a percent Face Value Discount Rate (%) Term (days) Bank Discount Proceeds Effective Rate(%) $6,905 10.49 76 $ $ % Need Help? Read It Talk to a Tutor 6. [-13.33 Points) DETAILS BRECMBC9 10.111.015.MI. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER If you sign a discount note for $7,500 at a bank discount rate of 9% for 9 months, what is the effective interest rate (as a %)? Round to the nearest tenth percent. % Watch it Talk to a Tutor Master it Read it Need Help