Andrew Merrill, owns a mobile sandwich and pretzel stand. Andrew borrows $5,200 for 135 days at ,9% ordinary simple interest.

Question

Andrew Merrill, owns a mobile sandwich and pretzel stand. Andrew borrows $5,200 for 135 days at ,9% ordinary simple interest. What total will Andrew need to repay for both interest and principal? (Use a 360-day year.)
$175.50
$5,300.50
$5,375.50
$5,373.10

Kunduz · Accepted Answer

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