SOLUTION: 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?

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Question 1072433: 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?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
$400 + 3% simple interest= 400+400(.03)=$412 due at the end of the year. ☺☺☺☺