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? $401.20 $412.00 $400.12

Answer 1

3% = .03

400 • .03 = 12

400 + 12 = $412.00

Answer 2

Answer:

B) $412

Step-by-step explanation:

on plato