Find the simple interest owed for the following loan. Principal Rate Time in Years $2950 9.5% The interest is $. (Do not round until the final answer. Then round to the nearest cent as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Find the simple interest owed for the following loan.
Principal Rate Time in Years
1
$2950 9.5%
1
2
The interest is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Find the simple interest owed for the following loan. Principal Rate Time in Years 1 $2950 9.5% 1 2 The interest is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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