An amount of P dollars is borrowed for the given length of time at an annual interest rate of r. Find the simple interest that is owed. (Round your answer to the nearest cent.) P = $3700, r = 5.0%, 2 years = 30.83 x Additional Materials eBook A principal of $2000 earns 9% per year simple interest. How long will it take for the future value to become $2828? (Round your answer to two decimal places.) years Additional Materials eBook