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Determine the principal amount of a loan earning 7.8% simple interest if $53.98 of simple interest accrued from June 23, 2019, to November 12, 2019.

Determine the principal amount of a loan earning 7.8% simple interest if $53.98 of simple interest accrued from June 23, 2019, to November 12, 2019. O $1780.53 O $1791.48 $1766.42 $1778.86 O $1770.46

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