Question: Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round answers to the nearest cent.

Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round answers to the nearest cent. Principal, Rate, and Time Interest

a. $1,500 at 8% for 2 years

b. $1,800 at 12% for 9 months

c. $23,000 at 5% for 5 years

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