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Word Problem 10-24 (Algo) [LU 10-2 (1)] Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a
Word Problem 10-24 (Algo) [LU 10-2 (1)] Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks for $105.50. What is the percent of interest paid on this loan? Note: Do not round intermediate calculations. Round your answer to the nearest whole percent. Percentage of interest paid %
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