Answer:
15% of interest paid on this loan.
Step-by-step explanation:
We are given that Johnny Rockefeller had a bad credit rating and went to a local cash center.
Loan amount of Johnny Rockefeller = $100
He paid the amount in in two weeks = $115
Amount of interest = $115-$100=$15
Let x% be the rate of interest.
So, [tex]x\% \times 100 = 15[/tex]
[tex]\frac{x}{100} \times 100 = 15[/tex]
x = 15
Hence 15% of interest paid on this loan.
