Dave takes out a loan for

$5000

to be repaid at the end of 9 months. The simple interest rate on the loan is

r=9%

for the first two months,

r=12%

for\ the next 6 months, and

r=6%

thereafter. How much does Dave have to pay back at the end of 9 months?\ Multiple Choice\

$5337.50

\

$5450.00

\

$5225.00

\

$5400.00

Dave takes out a loan for $5000 to be repaid at the end of 9 months. The simple interest rate on the loan is r=9% for the first two months, r=12% for the next 6 months, and r=6% thereafter. How much does Dave have to pay back at the end of 9 months? Multiple Choice $5337.50 $5450.00 $5225.00 $5400.00