Find the simple interest and amount for the value of principal P, rate r per year, and time t.P = $6250, r = 5.5%, t = 4 years and 3 months
A. $1460.94, $4789.06
B. $14,609.38, $20,859.38
C. $146.09, $6396.09
D. $1460.94, $7710.94
Answer: D
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