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# A man has a simple discount note for ​\$6,200​, at an ordinary bank discount rate of...

A man has a simple discount note for ​\$6,200​, at an ordinary bank discount rate of 8.53%, for 50 days. What is the effective interest​ rate using the banker's rule? A man has a simple discount note for 6,400, at an ordinary bank discount rate of 8.53%, for 60 days

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