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Question
Bert borrowed $7500 from Delores on November 7, 1997. When Bert repaid the loan, Delores charged $190.02 interest. If the rate of simple interest on the loan was 6 3/4%, on what date did Bert repay the loan?
Additional information
The problem related to Mathematics and it explains about calculation of simple interest rate for a loan for short period of time.
What is the maximum likelihood estimator of the mean of x where x is the sample with distribution f(x)=rt^x where t= 1-r and r is between 0 and 1 and the mean of rt^x is t/r.
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This problem is from Mathematics as well as it is about calculation of mathematical induction in trigonometry.
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