1. Suppose that after buying a new car you decide to sell your old car to a friend. You accept a 360-day note for $35,500 at 20% simple interest as payment. (Both principal and interest are paid at the end of 360 days.) Sixty days later you find that you need the money and sell the note to a third party for $15,000. What annual interest rate will the third party receive for the investment? Express the answer as a percentage, correct to three decimal places.

Martha has a deck of cards. she has lost some of the cards, and now the deck only contains nine spades, eleven diamonds, eight clubs, and twelve hearts. martha predicts that whenever she draws a card from the deck without looking, she will draw a club one-fifth of the time. which activity would best allow martha to test her prediction? a. randomly draw a card from the box and see if it is a club. b. randomly draw a card. then, continue to draw another card until all eight clubs are drawn. c. randomly draw and replace a card 120 times. then, observe how close to 30 times a club is drawn. d. randomly draw and replace a card 100 times. then, observe how close to 20 times a club is drawn.