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Mary Ott is going to borrow $9,700 for 180 days and pay $176 interest. What is the effective rate of interest if the loan is

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Mary Ott is going to borrow $9,700 for 180 days and pay $176 interest. What is the effective rate of interest if the loan is discounted? Note: Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Mary Ott is going to borrow $9,700 for 180 days and pay $176 interest. What is the effective rate of interest if the loan is discounted? Note: Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places

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