Solve the Problem

question 71

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.
-Annieʹs cafe borrows $6100 at 6% for 290 days. Find the total amount that must be repaid after 290 Days. (Use a 365 day year.)

• A) $6466.00
• B) $6129.08
• C) $6390.79
• D) $9007.95

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