Question

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

Answer 1

total amount she owes parents = P + SI
= 300 + (300×1×3/100)
= 300 + 9
= 309

Answer 2

gwen will owe-
300$+(300$*3/100)