Question: Question 2 1 pts Considering the derived formula to be used in simple discount loans: P M = 1-dRT What annual simple discount rate is

Question 2 1 pts Considering the derived formula to be used in simple discount loans: P M = 1-dRT What annual simple discount rate is required for the debt to triple in 177 weeks? Hint: divide both sides of the equation by P and think about the ratio M/P when M is three times as big as P. Round your answer to the nearest tenth of a percent

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