A loan for $3,000 with a simple annual interest rate of 17% was made on June 14th and was due on August 16th the loan was made to avoid $100 price increase that will take place on June 19th the equipment is needed now but the money to pay for the equipment will not be available until mid middle of August use exact interest is it advisable to borrow the money to get the equipment now a no because of modest loss of blank will be gained or b yes because of modest savings of only blank will be realized

To determine the wise decision, we need to calculate the interest on the loan for the specified period (from June 14 to August 16) and then compare it with the cost avoided by getting the equipment before June 19th.

Let's start by calculating the interest on the loan:

1. **Determine the Time Period in Years:**
- June 14th to August 16th is 63 days (from June 14th to July 14th is 30 days, then from July 14th to August 14th is another 30 days, and finally, from August 14th to 16th is 3 days). Converting this to years: \frac{63}{365} years.

2. **Apply the Interest Formula:**
- Principal (P): $3,000
- Rate (R): 17% or 0.17 as a decimal
- Time (T): \frac{63}{365} years

3. Using the interest formula \text{Interest} = P \times R \times T, we can calculate the interest:

\text{Interest} = 3000 \times 0.17 \times \frac{63}{365} = 88.03

The interest on the loan for the period from June 14th to August 16th would be approximately $88.03.

Now, let's compare this interest to the $100 price increase that would have been incurred if the equipment was bought after June 19th:

The difference would be 100 - 88.03 = 11.97.

**Answer:**

Therefore, it is advisable to borrow the money to get the equipment now because a modest saving of only $11.97 will be realized.