SOLUTION: A friend lent $17,000 to Dawn W. Monroe, the owner of a comic book store. She repaid the loan at the end of 6 months at 7 1/2% simple interest. What total amount did Dawn pay her f

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A friend lent $17,000 to Dawn W. Monroe, the owner of a comic book store. She repaid the loan at the end of 6 months at 7 1/2% simple interest. What total amount did Dawn pay her f      Log On


   



Question 1106974: A friend lent $17,000 to Dawn W. Monroe, the owner of a comic book store. She repaid the loan at the end of 6 months at 7 1/2% simple interest. What total amount did Dawn pay her friend.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+I+=+17000%2A.075%2A%281%2F2%29+
+I+=+8500%2A.075+
+I+=+637.5+
and
+17000+%2B+637.5+=+17637.5+
She paid her friend $17,637.50
check the math