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Find the simple interest. Assume the rate is an annual rate. Assume 3 6 0 days in a year. Principal Rate Time i n Months

Find the simple interest. Assume the rate is an annual rate. Assume

360

days in a year.

Principal Rate Time

i n

Months Interest

p =

1450, r = 6 \frac{1}{2} %, t = 9

The interest is $

(

Round to the nearest cent.

)

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