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WEEK 1 REQUIRED ASSIGNMENT Saved Help Save & Exit Submlt The simple interest formula for calculating interest for less than one year is: Interest =

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WEEK 1 REQUIRED ASSIGNMENT Saved Help Save & Exit Submlt The simple interest formula for calculating interest for less than one year is: Interest = Principal x Rate x Term/360. Solve for the Principal if the Interest is $270: Rate is 9%: Term is 60 days. Multiple Choice $1.458 $1,800 $18,000 $14,000

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