Mathematics, 25.10.2019 04:43 mustafajibawi1

7. a man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. what is the effective interest rate? round to the nearest tenth of a percent. (use the bankerâs rule.)

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7. a man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40...