Lemma
MediumDecimals & percentages
AQuA-RAT train #63716 · Arithmetic · Decimals & percentages

Jack takes a loan of …120,000 with 12% annual interest, compounding monthly…

Jack takes a loan of $120,000 with 12% annual interest: the interest is paid once, at the end of the year. Jill takes a loan of $120,000 with 12% annual interest, compounding monthly at the end of each month. At the end of one full year, compared to Jack's loan interest, approximately how much more does Jill have to repay?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #63716

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