Kate borrowed $400 from her friend she will repay this amount with 3 percent interest for one year. What is the total amount she will repay her friend?

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asked Jan 4, 2018 190k views

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Kate borrowed $400 from her friend she will repay this amount with 3 percent interest for one year. What is the total amount she will repay her friend?

Mathematics
high-school

Polkduran asked

by Polkduran

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Answer: $412.00

Explanation:

Juan Angel answered Jan 5, 2018

by Juan Angel

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400 + 3% simple interest= 400+400(.03)=$412 due at the end of the year. ☺☺☺☺

AndrewG answered Jan 9, 2018

by AndrewG

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