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If Joshua borrows $300 from his older sister to buy a bike and he promises to pay the total amount plus 5% simple interest in one year how do I describe how to find the total am…

If Joshua borrows $300 from his older sister to buy a bike and he promises to pay the total amount plus 5% simple interest in one year how do I describe how to find the total am…
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If Joshua borrows $300 from his older sister to buy a bike and he promises to pay the total amount plus 5% simple interest in one year how do I describe how to find the total amount to pay on a loan when paying simple interest

User Mccee
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8.4k points

1 Answer

10 votes

Answer:

you multiply 300 by 5 % and that gives you 15

Explanation:

User Jason Berryman
by
8.3k points
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