Question: For services rendered, an attorney accepts a 9 0 - day note for $ 5 , 1 0 0 at 8 % simple interest from

For services rendered, an attorney accepts a 90-day note for $5,100

For services rendered, an attorney accepts a 90-day note for $5,100 at 8% simple interest from a client. (Both interest and principal are repaid at the end of 90 days.) Wishing to use her money sooner, the attorney sells the note to a third party for $5,150 after 30 days. What annual interest rate will the third party receive for the investment?
The third party will receive an annual interest rate of %.
(Type an integer or decimal rounded to two decimal places as needed.)
at 8% simple interest from a client. (Both interest and principal are

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