Question 19 of 30 View Policies Current Attempt in Progress Mark Harris borrowed $15.550 from a bank for three years. If the quoted rate (APR) is 5.30 percent, and th what is the effective annual interest rate (EAR)? (Round answer to 2 decimal places e.g. 15.25%. Use 365 days Effective Annual interest rate Cave for Later Attempts Question 19 of 30 View Policies Show Attempt History Current Attempt in Progress Mark Harris borrowed $15.50 from a bank for three years. If the quoted rate (APR) is 5.30 percent, and the compounding is dat What is the effective annual interest rate (EAR)? (Round answer to 2 decimal places eg. 15.25%. Use 365 days for calculation) Ffective Annual interest rate e for Later Attempts: 0 of 3 used Submit a C a w