Question: (1 point) Axel has a promissory note for $600 dated April 18, 2013. The note is due in 162 days with interest at 9.5%. If

(1 point) Axel has a promissory note for $600 dated April 18, 2013. The note is due in 162 days with interest at 9.5%. If Axel sells the note to a bank on September 2, 2013 for $619.353, what rate of interest will he realize on his investment? Answer: 1.855 % Drew

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