Question

Jeremy wants to borrow $100 from his brother. His brother agreed but

said he would add a 15% annual interest rate on. Jeremy will be able to pay him back in 10 months. How much interest will he have to pay his brother?



$12.50


$1.25


$125


$13

Answer 1

I think it's 12.50

Im not sure so sorry if im wrong but im 99% sure

Answer 2

The answer would be 12.50