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Shauna borrows $400 from her parents to buy a phone. She agrees to pay them back plus 4% simple interest over one year. Use this information to answer What is the total amount of money Shauna will owe
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23 votes
Shauna borrows $400 from her parents to buy a phone. She agrees to pay them back plus 4% simple interest over one year. Use this information to answer

What is the total amount of money Shauna will owe her parents?


A
$384

B
$416

C
$463

D
$508

User Carrie Kendall
by
8.0k points

2 Answers

5 votes
Answer: B ($416)

Explanation: ...
User Osyotr
by
7.1k points
2 votes

Answer:

B:416

Explanation:

User Varun Nath
by
7.8k points
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