4) Determine the simple interest. The rate is an annual rate. Assume 360 days in a year.p= $330, r= 1.25%, t= 5.75 yearsThe simple interest is $(Round to the nearest cent as needed.)

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Answered: Determine the simple interest. The rate…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 14E

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Determine the simple interest. The rate is an annual rate. Assume 360 days in a year. p= $330, r= 1.25%, t= 5.75 years The simple interest is $. (Round to the nearest cent as needed.)