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QUESTION 7 The principal P is borrowed at simple interest rate for a period of time t. Find the simple interest owed for the use

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QUESTION 7 The principal P is borrowed at simple interest rate for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent P-519 500.00 1-74 - 30 days $11.75 53413 5682.50 $11.19

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