document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=545605>Question 545605</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mrs jones currently owes $637.50 simple interest on a loan of $2500 at an annual interest rate of 17%.  How long has she had the loan? \r<BR>\n" );
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document.write( "This is my daughters math problem an we have tried to figure it out with no luck.  We believe we do not have enough information to get the answer.\r<BR>\n" );
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document.write( "thank you for your help\r<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #355633 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=355633\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simple Interest formula is p*r*t\r<BR>\n" );
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document.write( "p = principal = 2500<BR>\n" );
document.write( "r= rate of interest=17%====> 0.17<BR>\n" );
document.write( "Simple Interest = 637.50<BR>\n" );
document.write( "t = time period in years = ?\r<BR>\n" );
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document.write( "637.50= 2500*0.17*t\r<BR>\n" );
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document.write( "637.50/(2500*0.17)=t \r<BR>\n" );
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document.write( "your calculator will give an answer 1.5 years </SPAN>\n" );
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