Considering the derived formula to be used in simple discount loans: M = P/1 − dRT What annual simple discount rate is r
Posted: Wed Jul 06, 2022 11:50 am
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.
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.