Question

Kate borrowed $400 from her friend. she will repay this amount plus 3 percent simple interest after one year. what is the total amount she will pay her friend? $401.20 $412.00 $400.12

Answer 1

B) $412

Explanation:

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Answer 2

3% = .03

400 • .03 = 12

400 + 12 = $412.00