If you borrow $100 at 10 percent interest,how much will you repay in one lump-sum at the end of one year using simple interest?
A) $100.
B) $105.
C) $110.
D) $115.
E) $120
Correct Answer:
Verified
Q21: Under the rule of 78s,loans for a
Q30: Both Chapter 7 and Chapter 13 bankruptcy
Q38: An increasing number of bankruptcy filers are
Q40: In addition to the Consumer Credit Counseling
Q41: Your bankcard has an APR of 18%
Q44: Float can be defined as:
A)the interest charged
Q46: The number of credit union members has
Q52: If your credit company invites you to
Q54: There are no costs involved in filing
Q58: The total dollar amount you pay to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents