Mathematics, 20.09.2020 21:01 jayden962
Ernie went to the local Sesame Loan to take out a short-term loan. Ernie needs to borrow $9,800 for 6 months. Sesame Loan will offer Ernie a simple interest rate of 8.75% for 6 months. Ernie promises to pay back the entire loan (with interest) at the end of the 6 months. How much will Ernie have to pay to Sesame Loan at the end of 6 months? Be sure to round your answer to the nearest penny (2 places after the decimal).
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Ernie went to the local Sesame Loan to take out a short-term loan. Ernie needs to borrow $9,800 for...
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