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Suppose Katyborrowed some amount of moneyfor 44 weeksand Anastasiaborrowed the sameamount. Katy'sloan used the simpleinterestmodel with an annual rate of 4.7% whileAnastasia'sloan used the simplediscountmodel
Suppose Katyborrowed some amount of moneyfor 44 weeksand Anastasiaborrowed the sameamount.
Katy'sloan used the simpleinterestmodel with an annual rate of 4.7% whileAnastasia'sloan used the simplediscountmodel with an annual discountof 8.2%.
At the end of their respective terms, Katy's maturity value was $5250 while Anastasia's was $6020.
How manyweekswas Anastasia's loan for?
Round your answer to the nearest week.
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