Solve the Problem $\$ 54,380$ At $6 \frac{1}{2} \%$ Interest for 195 Days

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.
-JME Technologies bought a new computer system. To pay for the system, they borrowed $\$ 54,380$ at $6 \frac{1}{2} \%$ interest for 195 days. Find the interest owed. (Use a 365 day year.)

A) $\$ 1888.40$
B) $\$ 1743.14$
C) $\$ 3534.70$
D) $\$ 883.68$