Question: Question 3 2 pts You are getting a discount interest loan of $48,724 for one year. The stated rate of interest is 10%. Calculate the

Question 3 2 pts You are getting a discount interest loan

Question 3 2 pts You are getting a discount interest loan of $48,724 for one year. The stated rate of interest is 10%. Calculate the effective interest rate: (Enter answer as a percentage number with 2 decimal places. Leave off the "%" symbol) 110/11

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