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The principal P 400 is borrowed at simple interest rate r 6 25 for a...

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The principal P 400 is borrowed at simple interest rate r 6 25 for a period of time t 3 months Find the sin interest owed for the use of the money Assume 360 days in a year and round to the nearest cent A 6 82 OB 4 25 OC 6 25 OD 75 00 THE

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