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Kate borrowed $400 from her friend. she will repay this amount plus 3 percent simple interest after one year. what is the total amount she will pay her friend? $401.20 $412.00 $…

Kate borrowed $400 from her friend. she will repay this amount plus 3 percent simple interest after one year. what is the total amount she will pay her friend? $401.20 $412.00 $…
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Kate borrowed $400 from her friend. she will repay this amount plus 3 percent simple interest after one year. what is the total amount she will pay her friend? $401.20 $412.00 $400.12

asked
User Hokkyokusei
by
7.7k points

2 Answers

3 votes

Answer:

B) $412

Explanation:

on plato

answered
User Xarcell
by
8.3k points
7 votes

3% = .03

400 • .03 = 12

400 + 12 = $412.00

answered
User Tyler Pflueger
by
8.2k points
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