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Given the following information concerning a promissory note: Principal $3,300 Term 60 Days Interest $66 Required : Determine the interest rate of the note. Note:

Given the following information concerning a promissory note:

Principal

$3,300

Term

60 Days

Interest

$66

Required :Determine the interest rate of the note.

Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.

Interest Rate:?

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