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...

12)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<br>cent.<br>O A. $8,735.04<br>O B. $9,050.42<br>OC. $9.135.00<br>O D. $12,204.17<br>

Extracted 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

Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here