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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?
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3 votes
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?

User Polkduran
by
7.7k points

2 Answers

0 votes

Answer: $412.00

Explanation:

User Juan Angel
by
9.2k points
2 votes
400 + 3% simple interest= 400+400(.03)=$412 due at the end of the year. ☺☺☺☺
User AndrewG
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8.5k points
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