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?

$309

Step-by-step explanation:

Use the formula for simple interest:

A represents total amount, unknown in this case.

P represents principal, or starting amount, 300 in this case.

r represents the interest rate in decimal form, 3% in this case, or 0.03.

t represents time, usually in years, 1 in this case.

Gwen will owe $309.

b

step-by-step explanation: