Suppose you borrow $110 from a payday lender for one week at a weekly rate of 10%. It turns out that after n weeks of not repaying anything you would owe $110 x 1.1". Use this formula to determine how much you would owe after 12 weeks. Round your answer to the nearest cent. amount owed after 12 weeks: $ What total percent interest are you being charged on your 12-week loan? Round your answer to the nearest percent. total interest: %