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Question 1 of 6 Alexis loaned $ 5 , 3 7 5 to Nathan at a simple interest rate of 4 . 2 3 %

Question 1 of 6
Alexis loaned $5,375 to Nathan at a simple interest rate of 4.23% p.a. for 2 years and 6 months. Calculate the amount of interest charged at the end of the term.
Round to the nearest cent
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