Mark signs a note promising to pay $825 in 3.5 years with simple interest at 8%. Then, 6 months before the note comes due, the holder of the notesells it to a local bank which discounts the not (a) What did the bank pay the holder of the note when it was sold 6 months before maturity? (b) What simple interest rate did the holder of the note earn for the time the note was held? (Enter your answer as a percent. If your answer is less than o, type 9999) Mark signs a note promising to pay $825 in 3.5 years with simple interest at 8%. Then, 6 months before the note comes due, the holder of the notesells it to a local bank which discounts the not (a) What did the bank pay the holder of the note when it was sold 6 months before maturity? (b) What simple interest rate did the holder of the note earn for the time the note was held? (Enter your answer as a percent. If your answer is less than o, type 9999)