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
Like I said, just use the formulas
y=2x is 2,4,6,8
y=3x+1 is 4,7,10,13
y=x-5 is -4,-3,-2,-1
y=5x+6 is 11,16,21,26
Wow I just noticed these are all patterns...
6 x 8 = 48
8 x 6 = 48
This is a example of commutative property of multipilcation
