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Austin lent $ 6 , 9 0 0 . 0 0 at a simple interest rate of 5 . 0 0 % p . a

Austin lent $6,900.00 at a simple interest rate of 5.00% p.a. on March 15,2014. Calculate the amount of interest he would receive on July 24,2014.
Select the correct answer. No work needs to be shown.
$123.82
$45,195.00
$3,766.25
$7,023.82

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