Cara took out a charge account at the General Store and agreed to pay 5% simple annual interest. If she charges $54 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments?
Choose the correct choice from the following options.
A) $55.70	B) $56.20	C) $56.70	D) $57.20	E) $57.70
1.05*$54=$56.70   The answer is $56.70.1.05* 54= 
<gadget id="calculator">1.05* 54</gadget>
<output>56.7</output>
$56.70   The answer is $56.70.
<result>C</result>
Cara took out a charge account at the General Store and agreed to pay 5% simple annual interest. If she charges $54 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments?