Considering the derived formula to be used in simple discount loans: M = P / 1 − (dR)T What annual simple discount rate

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answerhappygod
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Considering the derived formula to be used in simple discount loans: M = P / 1 − (dR)T What annual simple discount rate

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Considering the derived formula to be used in simple discountloans: M = P / 1 − (dR)T What annual simple discount rate isrequired for the debt to triple in 101 weeks? Hint: divide bothsides of the equation by P and think about the ratio M/P when M isthree times as big as P. Round your answer to the nearest tenth ofa percent.
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