Question: A man has a simple discount note for $0, 100, at an ordinary bank discount rate of 8 72%, for 40 days What is

A man has a simple discount note for $0, 100, at an ordinary bank discount rate of 8 72%, for 40 days What is the effective interest rate? Round to the nearest tenth of a percent (Use the banker's rulo) The effective interest rate is (Round to the nearest tenth of a percent as needed)

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