[Solved] A man has a simple discount note for $6,5

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A man has a simple discount note for $6,500 at an ordinary bank discount rate of 8.84 % , for 50 days. What is the

A man has a simple discount note for $6,500 at an ordinary bank discount rate of 8.84 % , for 50 days. What is the effective interest rate? Round to the nearest tenth of a percent.

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