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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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