Question: Aman has a simple discount note for $6,100, at an ordinary bank discount rate of 8 84%. for 40 days. What is the effective interest

Aman has a simple discount note for $6,100, at an ordinary bank discount rate of 8 84%. for 40 days. What is the effective interest rato? Round to the nearestent of a percent The effective interest rato in %. (Round to the nearest tenth of a percent as needed)

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