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3 years ago

Trina borrowed $460 from a friend. Her friend charged her 5% simple annual interest.

Mathematics

2 answers:

Sergio [31]3 years ago

8 0

Answer:

$529

Step-by-step explanation:

Use the simple interest formula.

I= (460)(0.05)(3)

fenix001 [56]3 years ago

7 0

Trina borrowed $460 from a friend. Her friend charged her 5% simple annual interest.Let's solve how much will Trina owe her friend in total after 3 years? Use the simple interest formula to solve.
I = prt
I = (460)(0.05)(3)
I = 460 * 0.05 = 23
I = 23 * 3 years = 69 dollars is the interest.
Trina must pay her friend a total of $460 + 69 = 529.

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