Question: A man has a simple discount note for 56,100 , at an ordinary bank discount rate of 872%, for 50 days. What is the effective

A man has a simple discount note for 56,100 , at an ordinary bank discount rate of 872%, for 50 days. What is the effective interest rate? Round to the nearest tenth of a petcent The effective interest rate is (Round to the nearest tenth of a percent as needed)

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