Question: Drill Problem 10-11 (Algo) [LU 10-2 (1)] Solve for the missing item in the following. (Do not round intermediate calculations. Round your answer to

Drill Problem 10-11 (Algo) [LU 10-2 (1)] Solve for the missing item

Drill Problem 10-11 (Algo) [LU 10-2 (1)] Solve for the missing item in the following. (Do not round intermediate calculations. Round your answer to the nearest cent.) Principal: I Interest rate Time Simple interest 6.75% 31/4 years 220

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