Mathematics, 18.03.2021 01:00 hjlhdjfhjh
You have agreed to loan some money to a friend at a simple interest rate of 170% which is outrageous but still about half of the payday loan places! To make it easy on your friend who needs a $700 loan to tide him over for a bit you tell him to pay you back $800 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 170%?
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You have agreed to loan some money to a friend at a simple interest rate of 170% which is outrageous...
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