If the interest rate is 5 percent per year and you borrow $100 for one year, at the end of the year you must pay back

Name: If the interest rate is 5 percent per year and you borrow $100 for one year, at the end of the year you must pay back
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If the interest rate is 5 percent per year and you borrow $100 for one year, you must pay back the original amount plus 5% of it, which is $5. So, the total amount you must pay back is $105.

If the Interest Rate Is 5 Percent Per Year and You