Question: Word Problem 10-24 (Static) [LU 10-2 (1)] Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a
Word Problem 10-24 (Static) [LU 10-2 (1)] Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $100 loan payable in two weeks for $115. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) Percentage of interest paid 380%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
