Simple Interest Laura needed to borrow 3000 to pay off a gam

Simple Interest: Laura needed to borrow $3,000 to pay off a gambling debt. Her local bank offered her a simple interest $3,000 loan with a 6-month term and told her she would pay $247 in interest.

If the bank loan is structured as an installment loan, calculate the total installment price and the monthly payment for the loan.

Total amount to be paid = $3000 + $247 = $3247
this is total installment price