Considering the derived formula to be used in simple discount loans: M = P / 1 − (dR)T What annual simple discount rate
Posted: Wed Jul 06, 2022 11:47 am
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.