Question

Ken took out a loan for $1,000 from his bank. At the end of one year, he had to repay it along with 15 percent interest. His interest after one year was $150. Based on this scenario, write down the principal, interest paid, and the total amount repaid in the table below.

Answer 1

the principal would be $1,000 because that is the initial amount

The interest paid would be $150 because it is stated in the passage

The total amount would be $1,150 because that is the initial amount plus the interest you are required to pay back.