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Ricky borrows $1000 at 6.4% simple interest for 8 weeks. How much interest must Ricky pay? (Use 52 weeks in a year.) Round your answer

Ricky borrows $1000 at 6.4% simple interest for 8 weeks. How much interest must Ricky pay? (Use 52 weeks in a year.)

Round your answer to the nearest cent.

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