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VashaNatasha [74]
3 years ago
9

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?
Mathematics
1 answer:
tekilochka [14]3 years ago
6 0
The answer is $412.

Let's first calculate simple interest. Simple interest (I) can be expressed as:
I = P * r * t
P - principal
r - rate
t - time period

It is given:
I = ?
P = $400
r = 3% = 0.03
t = 1 year

Therefore:
I = P * r * t = 400 * 0.03 * 1 = 12

The total amount Kate will repay is the principal amount (P) plus 3% simple interest (I):
P + I = 400 + 12 = $412
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<h3>How to Solve Algebra Word Problems?</h3>

Let x and y be the present age of mother and her daughter respectively.

Therefore;

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After 20 years, mother's age will be twice her daughter's age at the time. Thus;

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Translation of the question into English is;

The sum of the present ages of mother and her daughter is 50 years. After 20 years, mother's age will be twice her daughter's age at the time. Find their present ages.

Read more about Algebra Word Problems at; brainly.com/question/21405634

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