Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary. p= $2,500, r= ?, t= 7 years, i= $1,400.00...

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Extracted text: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary. p= $2,500, r= ?, t= 7 years, i= $1,400.00 O A. r= 0.08% B. r= 12.50% O C. r= 8% D. r= 19.4%