mework KQuestion 2 (of 6) value: 0.00 points Problem 8-11 Your bank will lend you $7,600 for 30 days at a cost of $97 interest. a. What is your annual rate of interest? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Annual rate of interest b. What is your effective annual rate? (Use 365 days in a year. Do not round infermediate calculations Round the final answer to 2 decimal places.) Effective annual rate Learning Objective: 08-02 0 term, and as having their inle nterest rates under differing c Problem 8-11 Check my work