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

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The principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year. P = $750, r = 4%, t = 2 years (Round to the nearest cent as needed.)

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