Solve the Problem

question 206

Multiple Choice

Solve the problem. Assume that simple interest is being calculated in each case. Round the answer to the nearest cent
unless otherwise indicated.
-Annie's cafe borrows $5900 at 7% for 60 days. Find the total amount that must be repaid after 60 days. (Use a 365 day year.)

• A)$5906.79
• B)$6313.00
• C)$5967.89
• D)$6578.90

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Definitions:

Photosynthesis

is the process by which green plants, algae, and some bacteria convert light energy into chemical energy, producing oxygen and glucose from carbon dioxide and water.

Detritivores

Organisms that feed on dead organic material, especially plant detritus.

Saprotrophs

Organisms that feed on or derive nourishment from decaying organic matter, playing a vital role in decomposition and nutrient cycling.

Microbial Heterotrophs

Microorganisms that obtain their energy by consuming organic matter, as opposed to producing it themselves.