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ROUND TO THE NEAREST TENTH OF A PERCENT A man has a simple discount note for $6,100, at an ordinary bank discount rate of 8.53%,

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A man has a simple discount note for $6,100, at an ordinary bank discount rate of 8.53%, for 60 days. What is the offoctive intorast rate? Round to the nearast tenth of a percent. The eflective interest rate is (Round to the nearest tenth of a percent as needed.)

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