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
Quotient. A/B=C C is the quotient.
0.48 ounces
1% of 16 is 0.16
3 x 0.16 = 0.48
