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1 May, 02:49

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

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  1. 1 May, 02:57
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    C because 100 x 1.1 = 110.

    Doing 100x1.1 gives you the interest and the amount of money borrowed, combined.
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