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OpenStudy (anonymous):
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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