Question 1201291
60/700 = interest rate of .0857142857 per 11 days.
if you treat this as simple interest, then the equivalent annual interest will be 60 * 365 / 11 = 1990.909091, if we assume 365 days to a year.
that would be an annual interest rate of 1990.909091 / 700 * 100 = 284.4155844% per year.