Question: Eric borrowed $3,805 from Roger and signed a contract agreeing to pay it back 10 months later with 5.05% simple interest. After 7 months, Roger

Eric borrowed $3,805 from Roger and signed a contract agreeing to pay it back 10 months later with 5.05% simple interest.

After 7 months, Roger sold the contract to Chris at a price that would earn Chris 5.00% simple interest per annum.

Calculate the price that Chris paid Roger.

with procedure please.

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