Question: Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Principal, Rate, and Time Interest a.

Compute the simple interest. If the time is given in months, let one month be 1/12 of a year.

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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