Question

How much do you owe at the end of five weeks ?

Answer 1

First, find the interest percentage. Divide the amount borrowed by the interest amount.

$\frac{100}{10}=10$

Then, divide the result by 100% to express it as a percentage.

$\frac{10}{100}=0.10$

Once we have the interest percentage as a decimal number, multiply it by the new borrowed amount.

$0.10\times1100=110$

Therefore, you owe $110 at the end of the five weeks.