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The government of Ghana Introduced the students loan scheme in 1 9 8 9 . The basic aim of the programme was to support students

The government of Ghana Introduced the students loan scheme in 1989. The basic aim of the programme was to support students through university education and the amount paid to students in that year is 500,000.(a) Assume that in the year 2000, students were paid an amount of 1,200,000. Calculate the growth rate if it is assumed to be:(i) Discrete (ii) Continuous(b) Using your results in (a) write down the general equation for the growth of students loan in both cases(c) How much will students receive in both cases in the year 2005

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