Question
I am going to give you an example problem and a new problem to help me get answered correctly: Ex. Problem: How many weeks would
I am going to give you an example problem and a new problem to help me get answered correctly:
Ex. Problem: How many weeks would it take to increase the debt of a simple discount loan by 183% if the annual simple discount rate is 21%?
Round your answer to the nearest week. The answer is 160 weeks
How do I solve this one?
New Problem: How many weeks would it take to increase the debt of a simple discount loan by 161% if the annual simple discount rate is 27%?
Round your answer to the nearest week.
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
