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5 October, 10:19

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

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)

Trina must pay her friend a total of $.

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  1. 5 October, 10:32
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    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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