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Homework: Ch. 10.2 Homework Score: 0 of 1 pt X 10.2.16 Determine the simple interest. The rate is an annual rate. Assume 360 days in

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Homework: Ch. 10.2 Homework Score: 0 of 1 pt X 10.2.16 Determine the simple interest. The rate is an annual rate. Assume 360 days in a year. p = $530.02, r = 7.5%, t=59 days The simple interest is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

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