Kenneth's Arrows and Bows borrows $$9,000$ for one year at an $9\%$ annual interest rate. What is the effective rate of interest if the loan is discounted? $($Use $360$

days in a year.$)$

Multiple Choice

Less than $9\mathrm{.}0\%$

More than $9\mathrm{.}0\%$ but less than $10\mathrm{.}1\%$

More than $10\mathrm{.}1\%$ but less than $11\mathrm{.}0\%$

More than $11\mathrm{.}0\%$