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Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value was $8,909 with $86.30 interest for 85

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Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value was $8,909 with $86.30 interest for 85 days. What was her rate? (Use 360 days a year. Do not round intermediate calculation. Round your answer to the nearest tenth percent.)

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