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Use the formula for simple interest, I=Pxrxt, to find the missing quantity.P=$5,500; r = 7%;...

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Use the formula for simple interest, I=Pxrxt, to find the missing quantity.P=$5,500; r = 7%; t = 6 yearsA. 1 $2,510B. 1=$2,310C. 1 $231,000D. 1 $23,100

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