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3 June, 05:31

Mr. Kim borrows $3,000 to pay for house repairs. The simple interest is 8% for one year.

What is the total amount Mr. Kim will pay back?

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Answers (2)
  1. 3 June, 05:59
    0
    SI=PTR:100

    =3000*1*8:100

    =2400
  2. 3 June, 07:12
    0
    3240

    Step-by-step explanation:

    If the simple interest is 8%, Mr. Kim will have to pay $3000, and the simple interest, which will be 8% of $3000.

    You can write it in two ways:

    3000+3000*0.08 = 3240

    or

    3000*1.08 = 3240
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