Homework Help: math

Posted by Iliyan on Tuesday, February 26, 2013 at 1:42am.

Lane French had a bad credit rating and went to a local cash center. He took out a $100 loan payable in two weeks at $115 (In other words, in two weeks he paid back a total of $115). What is the percent of interest paid on the loan? Do not round denominator before dividing

math - PsyDAG, Tuesday, February 26, 2013 at 12:10pm
(115- 100)/100 = ?
math - hilary, Thursday, April 11, 2013 at 9:54pm
15%

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