Question

Shauna borrows $400 from her parents to buy a phone. She agrees to pay them back plus a 4% simple interest over one year. Write an equation representing the total amount Shauna owes her parents.

Answer 1

Answer:

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Information

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Amount = $400

Interest rate = 4% a year

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Equation

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Total amount = 400 + 0.04(400)

Total amount = 400 + 16

Total amount = $416

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Answer: Total Amount = 400 + 0.04(400)

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Step-by-step explanation: