For a certain good, the collection percentage of credit issued in any month is an exponential...

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For a certain good, the collection percentage of credit issued in any month is an exponential function of the time since credit was issued. Specifically the function which approximates this relationship is P=0.95 (1-e07) t20 P = percentage of debtors (in shillings) collected t months after the credit is granted Required a) b) Calculate the percentage of debtors recovered after i) 3 months ii) 7 months Given this function, what is the percentage of debtors which should be set aside as bad debt? For a certain good, the collection percentage of credit issued in any month is an exponential function of the time since credit was issued. Specifically the function which approximates this relationship is P=0.95 (1-e07) t20 P = percentage of debtors (in shillings) collected t months after the credit is granted Required a) b) Calculate the percentage of debtors recovered after i) 3 months ii) 7 months Given this function, what is the percentage of debtors which should be set aside as bad debt?