Instructions:Select the correct answer.
simple interest = P × r × t

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

Question

Instructions:Select the correct answer.
simple interest = P × r × t

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

563blackghost · Answer

`P = amount borrowed`
`r = percentage`
`t = time`

$\huge\bf{400 \times 0.03 \times 1 =?}$

What you find you will add to the amount borrowed.