Lemma
MediumDecimals & percentages
AQuA-RAT train #51724 · Arithmetic · Decimals & percentages

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 $30,000 loan he has taken. The bank charges him a quarterly compound rate of 10%. What is the approximate interest he pays annually?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #51724

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