Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.) p=$775, r=

Question

Determine the simple interest. (The rate is an annual rate unless otherwise stated. Assume 360 days in one year.)
p=$775, r= 6.5%, t = 90 days
The simple interest is $
(Round to the nearest cent as needed.)

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