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SIMPLE INTEREST, A payday loan company charges a $95 fee for a $500 payday ...

A payday loan company charges a $95 fee for a $500 payday loan that will be repaid in 11 days. Treating the fee as interest paid, what is the equivalent annual interest rate?

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Fraction, Ask question #Minimum 100 words accepted

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We will firstly notice the undamped case. The differential equation under this case is, mu'' + ku  = F(t) It is just a non-homogeneous differential equation and we identify h

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A fire in a building b is reported on telephone, A fire in a building B is ...

A fire in a building B is reported on telephone to two fire stations P and Q, 10km apart from each other on a straight road.  P observes that the fire is at an angle of 60 o to th

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