This is a word problem. you borrowed $400 from your parents. you will pay them back in 3 years at 3.5% interest. how much interest will you owe them?

keeping in mind that whatever% of anything is just (whatever/100) * anything.

the amount borrowed is $400, what is 3.5% of 400? well is just (3.5/100) * 400, or 14.

so after 1 year, you owe your parents (3.5/100) * 400, or 14.

after 2 years, you owe them [ (3.5/100) * 400] + [ (3.5/100) * 400] , or 14 + 14.

after 3 years, you owe them, [ (3.5/100) * 400] + [ (3.5/100) * 400] + [ (3.5/100) * 400], or 14 + 14 + 14 = 42.

false

step-by-step explanation:

i think the amount would be $140.62