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Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round the answer to the

Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round the answer to the nearest cent. Principal, Rate, and Time $1,500 at 8% for 2 years Interest O Interest: $120.00 B O Interest: $220.00 O Interest: $140.00 Interest: $240.00

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