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QUESTION - jacky is going to borrow $13,200 for 90 days and pay $172 in interest. a).What is the annual rate of interest if the

QUESTION - jacky is going to borrow $13,200 for 90 days and pay $172 in interest.

a).What is the annual rate of interest if the loan is discounted? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.)

-> Annual rate of interest =______%

NOTE - please provide calculation

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