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Abusinessownerborrows$2,200for4 months at a 3% per year simpleinterest rate.At the end of the 4-month loan pe- riod, how much interest is owed?

Abusinessownerborrows$2,200for4

months at a 3% per year simpleinterest rate.At the end of the 4-month loan pe-

riod, how much interest is owed?

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