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principal : $\$8400$ Rate : $7.25\%$ Years: $9.5$

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Multiply and divide decimals by powers of ten

Full solution

Q. principal :

\$8400

Rate :

7.25\%

Years:

9.5

Simple Interest Formula: Simple Interest formula is $I = PRT$ , where $P$ is principal, $R$ is rate, and $T$ is time.
Convert Rate to Decimal: Convert the rate from percentage to decimal: $R = 7.25\% = 0.0725$ .
Plug in Values: Plug in the values: $I = \$8400 \times 0.0725 \times 9.5$ .
Calculate Interest: Calculate the interest: $I = (\$)8400 \times 0.0725 \times 9.5 = (\$)5775$ .

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