Question

Mahammad Yunus is the founder of the Grameen Bank and a recipient of the Nobel Peace Prize for his work to find solutions to extreme poverty. The Grameen Bank issues microcredit loans and is the world's original microlending organization. Microcredit loans are one way to help people move out of extreme poverty. The loans involve lending very poor people small amounts of money to start a new business or to expand an existing one. 1. Malik wants to open a bicycle repair shop in India. He will need 800 rupees to buy the tools and equipment necessary to start his business. After that, he will need 1,400 rupees per month to keep his business running a. Copy and complete the table below for Malik's total costs. Number of Months in Business Total Costs to Operate (in rupees) 1 2 3 6 n​

Answer 1

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