If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, you will have to pa

Question

svetlana [45]

4 years ago

13

If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, you will have to pa

y: A. $100. B. $105. C. $110. D. $115.

English

2 answers:

nikitadnepr [17] · Answer 1 · 2021-12-23T23:16:10+03:00

nikitadnepr [17]4 years ago

6 0

C because 100 x 1.1= 110.
Doing 100x1.1 gives you the interest and the amount of money borrowed, combined.

Reika [66] · Answer 2 · 2021-12-24T01:19:12+03:00

Reika [66]4 years ago

6 0

Answer:

C. $110

Explanation:

If you have borrowed $ 100 and you will have to pay 10% interest per year at the end of the year, you will have to pay $ 100 plus 10% interest. So, 10% of 100 dollars equals 10 dollars. So, you will have to pay 100 + 10 = 110 dollars.