Suppose Katy borrowed some amount of money for 43 weeks and Anastasia borrowed the same amount. Katy's loan used the sim
Posted: Wed Jul 06, 2022 11:48 am
Suppose Katy borrowed some amount of money for 43 weeks andAnastasia borrowed the same amount.
Katy's loan used the simple interest model with an annual rateof 3.2% while Anastasia's loan used the simple discount model withan annual discount of 4.7%.
At the end of their respective terms, Katy's maturity value was$5,778 while Anastasia's was $6,001.
How many weeks was Anastasia's loan for?
Round your answer to the nearest week.
Katy's loan used the simple interest model with an annual rateof 3.2% while Anastasia's loan used the simple discount model withan annual discount of 4.7%.
At the end of their respective terms, Katy's maturity value was$5,778 while Anastasia's was $6,001.
How many weeks was Anastasia's loan for?
Round your answer to the nearest week.