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Question 1: Using 360 days as the denominator, calculate interest for the following notes using the formula I = P × R × T. Round your answers to the nearest cent.
Principal Rate Time Interest
$5,000 6.00% 30 days
1,000 7.50 60 days
$4,500 8.00 120 days
$ 950 6.80 95
$ 1,250 7.25 102
2,900 7.00 90
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