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Mathematics 76 Online
badger02:

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? A. $401.20 B. $412.00 C. $400.12

Mercury:

"three percent simple interest" three percent = (3/100) so three percent of 400 is (3/100)*400 add this amount to the original 400 to get the final solutuion

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