Question

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

Answer 1

"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