Karen borrowed $3500 from a bank for 6 months. Her friend Ms. Harris was cosigner of Karens
Question:
Karen borrowed $3500 from a bank for 6 months. Her friend Ms. Harris was cosigner of Karen’s personal note. The bank collected 
%simple interest on the date of maturity.
(a) How much did Karen pay for the use of the money?
(b) Determine the amount she repaid to the bank on the due date of the note.
If necessary round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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