Question
Consider a Khas based financial institution run by Smart Guy, Smart Guy collects 50TL each, from 200 students, promising to pay back everyone on demand
Consider a "Khas based financial institution run by Smart Guy", Smart Guy collects 50TL each, from 200 students, promising to pay back everyone on demand plus 10% interest. Smart Guy turns around and makes 4 one year loans of 2500 TL each. Each loan is charged 20% interest, Supposing everything goes smoothly for one year, what will be Smart Guy's profit?
IV) Refer to Question III. Now suppose 6 months after the arrangement starts, 3 students face an emergency and ask for their money from Smart Guy. (i) How much money does Smart Guy need?
(ii) Does this situation represent a problem for Smart Guy? (111) What "technical terms" can be used to describe Smart Guy's predicament?
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Decoding The Metaverse Expand Your Business Using Web3
Authors: Chris Duffey
1st Edition
1398609048, 978-1398609044
