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Annie's cafe borrows $8,700 at 5% for 290 days. Find the total amount that must be repaid after 290 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $8,735.04 O B. $9,050.42 O c. $9,135.00 O D. $12,204.17

Annie's cafe borrows $8,700 at 5% for 290 days. Find the total amount that must be repaid after 290 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $8,735.04 O B. $9,050.42 O c. $9,135.00 O D. $12,204.17

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 $8,700 at 5% for 290 days. Find the total amount that must be repaid after 290 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $8,735.04 O B. $9,050.42 OC. $9.135.00 O D. $12,204.17
Transcribed Image Text:Annie's cafe borrows $8,700 at 5% for 290 days. Find the total amount that must be repaid after 290 days. (Use a 360 day year.) Assume that simple interest is being calculated. Round your answer to the nearest cent. O A. $8,735.04 O B. $9,050.42 OC. $9.135.00 O D. $12,204.17
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