A man has a simple discount note for $6 comma 500, at an ordinary bank discount rate of 8.61 % comma for 50 days. What is the effective interest rate? Round to the nearest tenth of a percent

Question

A man has a simple discount note for ​$6 comma 500​, at an ordinary bank discount rate of 8.61 % comma for 50 days. What is the effective interest​ rate? Round to the nearest tenth of a percent

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A man has a simple discount note for ​$6,500​ at an ordinary bank discount rate of 8.61 %, for 50 days. What is the effective interest​ rate? Round to the nearest tenth of a percent

A man has a simple discount note for ​$6 comma 500​, at an ordinary bank discount rate of 8.61 % comma for 50 days. What is the effective interest​ rate? Round to the nearest tenth of a percent

A man has a simple discount note for $6 comma 500, at an ordinary bank discount rate of 8.61 % comma for 50 days. What is the effective interest rate? Round to the nearest tenth of a percent