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Round to Nearest Cent or Hundredth Percent as Needed

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Round to nearest cent or hundredth percent as needed:
 Principal  Rate  Time  Simple Interest ?11%2mos$1,250\begin{array} { | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { Time } & \text { Simple Interest } \\\hline ? & 11 \% & 2 \mathrm { mos } & \$ 1,250 \\\hline\end{array}

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