Your bank will lend you $2,300 for 45 days at a cost of $25 interest. What is your effective rate of interest? Note: Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Your bank will lend you $2,300 for 45 days at a cost of $25 interest. What is your effective rate of interest? Note: Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places