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Nancy needed $8500 to start a web page design company and signed a 200-day note with a face value of $8872.67. Find the discount rate.

Nancy needed $8500 to start a web page design company and signed a 200-day note with a face value of $8872.67. Find the discount rate. Use banker's interest of 360 days.

Please give a short explanation of 2 lines and solve, it will be easier to understand. please don't solve if you are unsure

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