Question

11. Ellen borrowed $110 from her brother. He is charging 10% interest per year.

How much interest will she owe him if she repays him after 3 months?

Answer 1

Answer with step-by-step explanation:

3 months is 1/4 of a year. We need to multiply $110 by 1/4, which is $27.5

Hope this was helpful!

Answer 2

$3.00

Explanation: