To highlight the problem of

borrowing from loansharks

大 耳 窿

Big Ear Hole

LoansharkNational Council for Problem Gambling

Question• If someone borrows $10,353 from a loanshark, and

owes $10,917.24 after a month, find the interest rate

per month

• Answer: 5.45%

Finance (Compounded Interest) P(t) = P0ekt

Question• After how long will the money owed be twice as

much as what was borrowed initially? (Using interest

rate from the previous question)

• 20706=10353 x e5.45t

• 2=e5.45t

• Ln2=5.45t

• t=ln2/5.45

• T=0.12 year = 1.44 month

• Answer: 1.44 month

Finance (Compounded Interest) P(t) = P0ekt

Conclusion• Borrowing money from loansharks is dangerous. Go

to the bank instead

• If you need help, come to us. (NCPG)

• PROTECT your family. STOP problem gambling

• Know the line | 1800-6-668-668

• P(t) = P0ekt