Carl is facing very difficult financial times and can only pay the…

Carl is facing very difficult financial times and can only pay the interest on a $10,000 loan he has taken. The bank charges him a quarterly compound rate of 7%. What is the approximate interest he pays annually?

This problem repeats another one in the library (at most with different numbers), so it's left out of browsing.

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #20078