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16) Calculate the interest on $6,000 borrowed at an annual rate of 9% under the simple interest loan method for 9 months. A) $270 B)

16) Calculate the interest on $6,000 borrowed at an annual rate of 9% under the simple interest loan method for 9 months. A) $270 B) $360 C) $405 D) $450 E) $540

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