Question

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Answer 1

Answer:

Part A: She borrowed: 3700

Part B: She would pay 555 in interest.

Step-by-step explanation:

Since, simple interest is,

Where, P is the principal amount,

r is the annual rate of interest,

t is time ( in years ),

Part A :  Here, S.I. = $ 444,

t = 3 years,

r = 4 %,

Thus,

Hence, She borrowed $ 3700.

Part B :

Here, r = 5 %, t = 3 years, P = $ 3,700,

Hence, She would pay $ 555 interest.

Answer 2

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