Brandi Lee signed a $25,000 simple discount promissory note at the Signature Bank.The discount rate was 9% ordinary interest, and the note was made on August 9 for 110 days.

A: What proceeds did Brandi receive on the note?

B: What was the maturity date of the loan?

c: What was the effective interest rate on the note? Round the answer to the nearest hundredth of a percent.