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A student gives his friends small, short-term
loans for periods of 1, 2 or 3 weeks after
which time they must be repald in full. He
always lends on a Friday afternoon. He starts
with €120
and loans
out the following
amounts each week:
week 1:€45
week 2:€25
week 3:€18
week 4:€20

what is the smallest amount of money he has
by the end of the 4th Friday?​

Respuesta :

Parrain

Based on the student's loaning methods, the amount he started with, and the amounts loaned, the smallest amount he could have by the 4th Friday is €57.

How much is the lowest the student could work?

The maximum period that his friends could borrow for is 3 weeks. This means that on the 4th Friday, the loan on the first week would have to pay paid back at the latest.

The smallest amount the student could have is:

= Amount started - week 2 - week 3 - week 4

= 120 - 25 - 18 - 20

= €57

Find out more on minimum amounts possible at https://brainly.com/question/22560743.

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