Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.) p= $825, r=7.25%, t= 60 days The simple interest is S (Round to the nearest cent as needed.)

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Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.)
p= $825, r=7.25%, t= 60 days
The simple interest is S
(Round to the nearest cent as needed.)
Transcribed Image Text:Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.) p= $825, r=7.25%, t= 60 days The simple interest is S (Round to the nearest cent as needed.)
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