I posed a problem and no one helped me to see how to solve the problem. I don't want you to give me the answer, I want to know how to arrive at the correct answer.

Question

Again, Ms. Pecho currently owes $637.50 in simple interest on a loan of $25oo at an annual interest rate of 17%. How long has she had the loan?

Can you explain the steps I would take to determine the answer?

Answer 1

Didn't you see my answer? Click on the link below to find your original post and my answer.

http://www.jiskha.com/display.cgi?id=1262280720

Answer 2

I also responded to your second post with this problem.