answersLogoWhite

0

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.

User Avatar

Wiki User

12y ago

Still curious? Ask our experts.

Chat with our AI personalities

SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve
BeauBeau
You're doing better than you think!
Chat with Beau
JudyJudy
Simplicity is my specialty.
Chat with Judy

Add your answer:

Earn +20 pts
Q: How much is 10 percent interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp