M= Considering the derived formula to be used in simple discount loans: P 1-dRT 1- What annual simple discount rate is required for the debt to triple in 196 weeks? Hint: divide both sides of the equation by P and think about the ratio M/P when Mis three times as big as P. Round your answer to the nearest tenth of a percent. M= Considering the derived formula to be used in simple discount loans: P 1-dRT 1- What annual simple discount rate is required for the debt to triple in 196 weeks? Hint: divide both sides of the equation by P and think about the ratio M/P when Mis three times as big as P. Round your answer to the nearest tenth of a percent