Your bank will lend you $3,200 for 30 days at a cost of $38 interest 4 2. 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) 10 point Annual rate of interest % b. What is your effective annual rate? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Door Effective annual rate % Pie