Suppose Katy borrowed some amount of money for 94 weeks and Anastasia borrowed the same amount. Katy's loan used the sim
Posted: Wed Jul 06, 2022 11:50 am
Suppose Katy borrowed some amount of money for 94 weeks andAnastasia borrowed the same amount.
Katy's loan used the simple interest model with an annual rateof 4.1% while Anastasia's loan used the simple discount model withan annual discount of 4.3%.
At the end of their respective terms, Katy's maturity value was$5,538 while Anastasia's was $6,033.
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 4.1% while Anastasia's loan used the simple discount model withan annual discount of 4.3%.
At the end of their respective terms, Katy's maturity value was$5,538 while Anastasia's was $6,033.
How many weeks was Anastasia's loan for?
Round your answer to the nearest week.