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The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use
The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P=$4000,r=6.5%,t=9 months $ (Round to the nearest cent as needed.)
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