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.)


$5,200 × 0.09 × 135/360 = $175.50; $5,200 + $175.50 = $5,375.50

Business

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