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(Solved): If $5,000 is borrowed at a simple interest rate of 3.90% p.a., calculate the interest charged for 9 ...

$If \( \$ 5,000 \) is borrowed at a simple interest rate of \( 3.90 \% \) p.a., calculate the interest charged for 9 months. R$

If

$5, 000

is borrowed at a simple interest rate of

3.90%

p.a., calculate the interest charged for 9 months. Round to the nearest cent

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