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Annie's cafe borrows $6,200 at 5% for 280 days. Find the total amount that must be repaid after 280 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $6,510.00 O B. $6,441.11 O c. $6,224.11 O D. $8.611,11

Annie's cafe borrows $6,200 at 5% for 280 days. Find the total amount that must be repaid after 280 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $6,510.00 O B. $6,441.11 O c. $6,224.11 O D. $8.611,11

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Annie's cafe borrows $6,200 at 5% for 280 days. Find the total amount that must be repaid after 280 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $6,510.00 O B. $6,441.11 Oc. $6.224,11 O D. $8,611.11
Transcribed Image Text:Annie's cafe borrows $6,200 at 5% for 280 days. Find the total amount that must be repaid after 280 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $6,510.00 O B. $6,441.11 Oc. $6.224,11 O D. $8,611.11
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