Ingridpineda1717 Ingridpineda1717

21-09-2021
Mathematics

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Lilia borrows 400 at a yearly simple interest rate of 6% she writes the expression 400 + (0.6 x 400) to represent the total amount of money she will pay back after 1 year

is her expression correct explain your answer and determine the amount lilia will have to pay after 1 year

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xyou2264 xyou2264

21-09-2021

Answer:

no, she expression is not correct.

since 400×6×1/100=24 simple interest/year

total = 400+24=424

but if we take the expression in the problem 400 + (0.6 x 400) it will be 460

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