gwen borrows $300 from her parents to buy a bike. She agrees to pay them back plus 3% simple interest over one year.
Write an equation to represent the total amount gwen will owe her parents. What is the total amount of money gwen will owe her parents?
+37095 If she is just going to pay them back with one payment, she will owe them 300(1+ .03) at the end of the year.
$309.00 owed at end of the year
