Question

Shauna borrows $400 from her parents to buy a phone. She agrees to pay them back plus a 4% simple interest over one year. Write an equation representing the total amount Shauna owes her parents.

Answer 1

----------------------------------------------------

Information

----------------------------------------------------

Amount = $400

Interest rate = 4% a year

----------------------------------------------------

Equation

----------------------------------------------------

Total amount = 400 + 0.04(400)

Total amount = 400 + 16

Total amount = $416

----------------------------------------------------

Answer: Total Amount = 400 + 0.04(400)

----------------------------------------------------

Explanation: