Question: Question 9 (1 point) Rob borrowed $4,740 from Richard and signed a contract agreeing to pay it back 10 months later with 5.15% simple interest.

Question 9 (1 point) Rob borrowed $4,740 from Richard and signed

Question 9 (1 point) Rob borrowed $4,740 from Richard and signed a contract agreeing to pay it back 10 months later with 5.15% simple interest. After 4 months, Richard sold the contract to Chris at a price that would earn Chris 5.00% simple interest per annum. Calculate the price that Chris paid Richard. Your

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