Question

Trina borrowed $460 from a friend. Her friend charged her 5% simple annual interest.

How much will Trina owe her friend in total after 3 years?

Answer 1

Answer: the answer is $529

Answer 2

The interest of 3 years
=(460×5%)×3

Trina will owe her friend
=460+(460×5%) ×3
=460+23×3
=460+69
=$529
hope it helps!