Posted by **Rose** on Thursday, December 31, 2009 at 1:12pm.

Ms. Pecho currently owes $637.50 in simple interest on a loan of $2500 at an annual interest rate of 17%. How long has she had the loan?

How do you figure out this problem? I am not merely looking for an answer, I would like to know how to do it to know if he is doing it correctly.

Thank you

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