Betty took out a charge account at the General Store and agreed to pay 4% simple annual interest. If she charges $50 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments? Options.
A) $51.50	B) $52.00	C) $52.50	D) $53.00	E) $53.50
1.04*$50=$52.00   The answer is $52.00.1.04* 50= 
<gadget id="calculator">1.04* 50</gadget>
<output>52</output>
$52.00   The answer is $52.00.
<result>B</result>
Betty took out a charge account at the General Store and agreed to pay 4% simple annual interest. If she charges $50 on her account in January, how much will she owe a year later, assuming she does not make any additional charges or payments?