Mathematics, 24.03.2021 03:40 manaspercy
You have agreed to loan some money to a friend at a simple interest rate of 150% which is outrageous but still about half of the payday loan places! To make it easy on your friend who needs a $500 loan to tide him over for a bit you tell him to pay you back $600 in a few weeks. In how many weeks should you tell him to pay you back if you want to hold that interest rate of 150%?
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You have agreed to loan some money to a friend at a simple interest rate of 150% which is outrageous...
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