A loan shark lends you $100 at 2% compound interest per week(weekly not annual rate)
How much will you owe after 3 years?
In "street language" the profit on such a loan is known as the "vigorish" or the "vig." Find the sharks's vig. A loan shark lends you $100 at 2% compound interest per week(weekly not annual rate)
How much will you owe after 3 years?
In "street language" the profit on such a loan is known as the "vigorish" or the "vig." Find the sharks's vig. @Mathematics

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