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

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

JudyJudy
Simplicity is my specialty.
Chat with Judy
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor

Add your answer:

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