Question: Dr . Painkiller is going to borrow $ 8 , 2 0 0 for one year at 1 1 percent interest.What is the annual rate

Dr. Painkiller is going to borrow $8,200 for one year at 11 percent interest.What is the annual rate of interest if the loan is discounted? (Use 365 days in a year. Do not round intermediate calculation. Round the final answer to 2 decimal places.)Annual rate of interest%

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