Question

Lynne loaned $480 to a friend. The friend paid back the amount borrowed plus 10% interest. What was the total amount the friend paid to Lynne?

f $480.10 g $528.00 h $490.00 j $484.80

Answer 1

The friend paid back the original amount borrowed plus 10% interest which is $480 + ($480 x 0.10) = $480 + $48 = $528. Therefore, the answer is g) $528.00.