Calculate the rate of simple interest r that earth bank is
A 160 day Note with 100 days remaining has a maturity value of $90,000. This Note is sold to Earth Bank for $88,200. Calculate the rate of simple interest (r) that Earth Bank is using. Give your answer as a percentage per annum to 2 decimal places.
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a 160 day note with 100 days remaining has a maturity value of 90000 this note is sold to earth bank for 88200
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