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26 August, 15:14

A store manager obtained a loan of $25,000 at 6 3/8% interest, for 15 months to purchase supplies. find the amount of simple interest.

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  1. 26 August, 15:28
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    I = P * R * T

    I = $25,000 * 6 3/8 * 15

    I = 2,390,625
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