Quote (kanekiller @ Thu, Jul 2 2009, 11:55am)
but wouldnt if your paying 110%intrest be the amout recived added with the other 10%?
No, interest and capital are different. Interest is added to the capital over time based on a %, which in this case is a ridiculous 110%. So it'd be initial capital investment + 110% interest.
If you told them you would pay them 110% back, without mentioning the word interest, then yeah. You'd be right.
This post was edited by TkM on Jul 2 2009 09:57am