Stan borrowed $5 000 one year ago. Now he has to repay $5 100. The interest Stan pays is
A)$5 100.
B)102%.
C)$100.
D)2%.
E)$5 000.

Name: Stan borrowed $5 000 one year ago. Now he has to repay $5 100. The interest Stan pays is A)$5 100. B)102%. C)$100. D)2%. E)$5 000.
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Question

Quizplus · Accepted Answer

The interest Stan pays is the difference between the amount he repays and the amount he borrowed, which is $5,100 - $5,000 = $100.

Stan Borrowed $5 000 One Year Ago