Chuck Widle borrowed $2,340 from the National Bank on May 12 and repaid the loan on November 12. The bank charged $9 \frac { 1 } { 2 } \%$ simple interest, calculated by the exact interest method. What was the maturity value of the loan? (Round to the nearest cent)

Question

Chuck Widle borrowed $2,340 from the National Bank on May 12 and repaid the loan on November 12. The bank charged

9 \frac { 1 } { 2 } \%

simple interest, calculated by the exact interest method. What was the maturity value of the loan? (Round to the nearest cent)

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The Answer of Chuck Widle borrowed $2,340 from the National Bank on May 12 and repaid the loan on November 12. The bank charged $9 \frac { 1 } { 2 } \%$ simple interest, calculated by the exact interest method. What was the maturity value of the loan? (Round to the nearest cent)

Chuck Widle Borrowed $2,340 from the National Bank on May 912%9 \frac { 1 } { 2 } \%921​%

Chuck Widle Borrowed $2,340 from the National Bank on May $9 \frac { 1 } { 2 } \%$