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Find the simple interest. Assume the rate is an annual rate. Assume 360 days in a year. Principal Rate Time in Months Interest 1 p

Find the simple interest. Assume the rate is an annual rate. Assume 360 days in a year. Principal Rate Time in Months Interest 1 p = $1300 r=5-% t=3 The interest is $ (Round to the nearest cent.)

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