Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Financial Accounting Question

If you borrow $100 at 10 percent simple
annual interest and repay it in one lump
sum at the end of one year, how much you
will have to pay?
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Transcribed Image Text:If you borrow $100 at 10 percent simple annual interest and repay it in one lump sum at the end of one year, how much you will have to pay?
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