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8 August, 08:29

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. 8 August, 10:13
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    I = P * R * T

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

    I = 2,390,625
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