Question

How much do you owe at the end of five weeks ?

Answer 1

First, find the interest percentage. Divide the amount borrowed by the interest amount.

`(100)/(10)=10`

Then, divide the result by 100% to express it as a percentage.

`(10)/(100)=0.10`

Once we have the interest percentage as a decimal number, multiply it by the new borrowed amount.

`0.10*1100=110`

Therefore, you owe $110 at the end of the five weeks.