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

Your bank will lend you $9,200 for 30 days at a cost of $101 interest. What is the annual rate of interest?	Answer 1Choose...16.47%12.13%15.87%13.36%13.17%
Another bank will lend you $10,000 for 30 days at a cost of $120 interest. The bank requires an 8% compensating balance. What is the annual rate of interest?	Answer 2Choose...16.47%12.13%15.87%13.36%13.17%