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  3. we determined r = 0.0825 and t = 9/15the amount of

We determined R = 0.0825 and T = 9/15The amount of the loan, the principal,...

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We determined R = 0.0825 and T = 9/15The amount of the loan, the principal, was $70,000, giving P =Substitute these values into the formula to find the amount of interest earned (in $) at 8 1/4 % for 9 months.I = PRT

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