1500*0.10=150
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10% of 100 = 10
Multiply 1500 by .1 That equals 150 Add 1500 and 150
1500 as a percentage of 15000 = (1500/15000)*100 = (1/10)*100 = 10%
Interest is 99.9
With compounded interest, it would be 100*(1 + 11/100)10 = 283.94