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OpenStudy (anonymous):
Kristi Yang borrowed $12,000. The term of the loan was 60 days, and the annual simple interest rate was 7.1%. Find the simple interest due on the loan. (Round your answer to the nearest cent.)
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OpenStudy (tkhunny):
I = Prt We have P = 12000 r = 0.071 t = 60 days What's stopping you?
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