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Dr . Painkiller is going to borrow $ 8 , 2 0 0 for one year at 1 1 percent interest.What is the annual rate

.

Painkiller is going to borrow $

8, 200

for one year at

11

percent interest.What is the annual rate of interest if the loan is discounted?

(

Use

365

days in a year. Do not round intermediate calculation. Round the final answer to

2

decimal places.

)

Annual rate of interest

%

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