2 Answers

Richie Mackay · Answer 1 · 2022-07-17T11:52:54+0000

Correct option :

$\color{plum}\tt\bold{(b) \: \$3480 }$

Money Maria borrowed = $3000

Percentage of simple interest per annum = 4%

Time she took to repay the money she borrowed = 4 years

We know that :

$\color{hotpink}\tt \: Simple \: interest = \color{plum}(principal * rate * time)/(100)$

In this case :

Principal = $3000

Rate = 4%

Time = 4 years

Which means. the simple interest :

$= \tt (3000 * 4 * 4)/(100)$

$= \tt (48000)/(100)$

$\color{plum} =\tt\$ 480$

Thus, the interest she has to pay = $480

We know that :

$\color{hotpink}\tt \: Amount \color{plum}= principal + interest$

Then, the Amount Maria has to pay :

$=\tt 3000 + 480$

$\color{plum} =\tt \$3480$

Thus, the amount Maria has to repay after 4 years = $3480

Therefore, the correct option is (b) $3480

Dmikam · Answer 2 · 2022-07-22T19:41:24+0000

Answer:

3,480

Explanation:

After 4 years she had to repay 3,480, i did this one before and got it right hope it helped have a nice day!