1. To highlight the problem of
borrowing from loansharks
大 耳 窿
Big Ear Hole
LoansharkNational Council for Problem Gambling

2. 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

3. 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

4. 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