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Jeremy wants to borrow $100 from his brother. His brother agreed but said he would add a 15% annual interest rate on. Jeremy will be able to pay him back in 10 months. How much interest will he have to
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3 votes
Jeremy wants to borrow $100 from his brother. His brother agreed but

said he would add a 15% annual interest rate on. Jeremy will be able to pay him back in 10 months. How much interest will he have to pay his brother?



$12.50


$1.25


$125


$13

User EmmanuelBeziat
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4.8k points

2 Answers

2 votes
The answer would be 12.50
User Delmalki
by
5.6k points
7 votes

I think it's 12.50

Im not sure so sorry if im wrong but im 99% sure

User Jason Silver
by
5.1k points
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