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What is the Effective interest rate on this NON-INTEREST BEARING loan? 6/30/21 Notes recirable 50,000 Discount on N/12 22so Sales revenue 47750 12/31/21 biscounton N/R

What is the Effective interest rate on this NON-INTEREST BEARING loan? image text in transcribed
6/30/21 Notes recirable 50,000 Discount on N/12 22so Sales revenue 47750 12/31/21 biscounton N/R 1500 Interestrevenue 13 oo 7313122 Dis Counton N/12 750 Interest revene 750 33/3/22 Cash 50,000 NIR 50000

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