What is the effective interest rate $($rounded$)$ on a $3-$month, noninterest$-$bearing note with a stated rate of $12\%$ and a

maturity value of $$200,000?($Do not round intermedlate calculations. Round final answer to $1$ decimal place.$)$

Multiple Choice

$12\mathrm{.}4\%.$

$13\mathrm{.}6\%$

$11\mathrm{.}5\%$

$3\mathrm{.}1\%.$