# math

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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 -

(115- 100)/100 = ?

• math -

15%

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