Your perfectly reliable friend asks for a loan and promises to pay back P 150 two years from now. If the minimum you will accept is 8%, what is the maximum amount you will loan for him?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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 Your perfectly reliable friend asks for a loan and promises to pay back
P 150 two years from now. If the minimum you will accept is 8%, what is
the maximum amount you will loan for him?

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