Posted by **Michel** on Tuesday, March 18, 2014 at 10:47pm.

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent

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March 24, 2017
Posted by **Michel** on Tuesday, March 18, 2014 at 10:47pm.

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent

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