Anthony Salemo, a.k.a. “Fat Tony" was the underboss to the Genovese family in the 1960s. His primary operations included gambling, numbers rackets, and loan sharking. When he loaned out money he demanded to be paid 10% interest per week on a loan, compounded weekly. Suppose you borrowed $500 from Fat Tony but you paid him back S100 each week. Each week Fat Tony charged you 10% interest on the amount you still owe, after your $100 payment is taken into account. Write down a recurrence relation for M(n), the amount owed after n wecks. Note, this is not asking for a closed form.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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