Question: Additional Exercises 1. Sean borrowed $480 from Shawn for 300 days at a simple interest rate of 7%. Fifty days later, Shawn sold the note

Additional Exercises 1. Sean borrowed $480 from Shawn for 300 days at a simple interest rate of 7%. Fifty days later, Shawn sold the note to Siann at a discount rate of 11.5%, and 120 days after that, Stann sold the note to Shaun at a discount rate of 9.25%. What simple interest rate did Sean actually pay

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