Asked by Iliyan

Lane French had a bad credit rating and went to a local cash center. He took out a $100 loan payable in two weeks at $115 (In other words, in two weeks he paid back a total of $115). What is the percent of interest paid on the loan? Do not round denominator before dividing
Answered by PsyDAG
(115- 100)/100 = ?
Answered by hilary
15%
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