Loan Approval and Total Profit
This is our starting point: A bank gives out loans of
- People who receive a loan and repay it do so with
% interest. This means the bank receives € back. - If the bank gives a loan to someone who does not repay it or only repays part of it, the bank incurs a loss of
€ per person. (Note: The bank is insured, so it typically does not lose the full amount.)
Now fill out the following table.