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Kate borrowed $400 from her friend she will repay this amount with 3 percent interest for one year. What is the total amount she will repay her friend?

Kate borrowed $400 from her friend she will repay this amount with 3 percent interest for one year. What is the total amount she will repay her friend?
asked 190k views
3 votes
Kate borrowed $400 from her friend she will repay this amount with 3 percent interest for one year. What is the total amount she will repay her friend?

asked
User Polkduran
by
7.4k points

2 Answers

0 votes

Answer: $412.00

Explanation:

answered
User Juan Angel
by
9.2k points
2 votes
400 + 3% simple interest= 400+400(.03)=$412 due at the end of the year. ☺☺☺☺
answered
User AndrewG
by
8.5k points
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