A loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate.) Round your answers to the nearest dollars

A. How much will you owe after 2 years?
B. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig." Find the sharks vig.

(a) Amount owed after 2 years is $ 1081.54

(b) The shark's vig is $ 1031.54

Step-by-step explanation:

(a)

The amount on a principal, P, after a period, T, at a compound interest, R, is given by

From the question,

P = $ 50

R = 3% per week

T = number of weeks in 2 years = 2 × 52 = 104 (Assuming 52 weeks for each year)

(b)

The shark's vig = $ 1081.54 - $ 50 = $ 1031.54

can you add an image ?

step-by-step explanation:

15%

step-by-step explanation:

use the table and count the number of guesses that has two correct answers.

the following are two correct answers

10010, 01100, 11000

a total of 3 numbers having 2 correct guesses out of 20 questions.

probability of getting 2 correct guesses = the number of questions getting 2 correct answers / total number of questions.

= 3/20

to convert it into percent multiply by 100, we get

= 3/20 * 100

= 15%

the answer is 15%

you.