Homework: Unit 3 Lab MML Graded Practice Score: 0 of 4 pts 19 of 2016 compete) 11.3.5 HW Score: 10%, 5 of 50 pts Question Help A man has a simple discount note for 56,600, at an ordinary bank discount rule of 854% for 40 days. What is the affective interest rate Round to the nearest tenth of a percent (ie the bankers rule) The effective interest rates (Round to the nearest tenth of a percent as needed)