Question

Mia agrees to borrow a 3-year loan with 4% simple interest to buy a motorcycle.

Part A
If Mia will pay a total of $444 in interest, how much money did she initially borrow? Enter your answer in the box.

$

Part B
How much interest would Mia pay if the simple interest rate were 5%? Enter your answer in the box.

Answer 1

part a: she borrowed 3,700

part b: she would pay 555 interest

Explanation: