Considering the derived formula to be used in simple discount loans: M = P/1 − dRT What annual simple discount rate is r

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answerhappygod
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Considering the derived formula to be used in simple discount loans: M = P/1 − dRT What annual simple discount rate is r

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Considering the derived formula to be used in simple discountloans:
M = P/1 − dRT
What annual simple discount rate is required for the debt totriple in 136 weeks?
Hint: divide both sides of the equation by P and think about theratio M/P when M is three times as big as P.
Round your answer to the nearest tenth of a percent.
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