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How much is 10 percent interest?

Updated: 9/21/2023
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12y ago

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10% interest means that for every dollar, you pay back $1.10. Interest is usually given as an annual rate, so you would owe that much at the end of one year. So if you borrow $100, at the end of a year you will owe $110.

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12y ago
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Q: How much is 10 percent interest?
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