Mathematics, 28.02.2020 02:06 braxtengames
Suppose Katy borrowed some amount of money for 38 weeks and Anastasia borrowed the same amount. Katy's loan used the simple interest model with an annual rate of 9.3% while Anastasia's loan used the simple discount model with an annual discount of 9.7%. At the end of their respective terms, Katy's maturity value was $5,810 while Anastasia's was $6,081. How many weeks was Anastasia's loan for ?
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Suppose Katy borrowed some amount of money for 38 weeks and Anastasia borrowed the same amount. Katy...
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