Answer:
2550
Step-by-step explanation:
1) The initial amount borrowed is 17,000.
2) The interest rate is set at 5%.
3) Therefore, to calculate interest: 0.05 * 17000 equals 850.
4) Since the repayment takes 3 years, multiply by 3: 850 * 3 equals 2550.
5) Thus, the total interest that the shoe store is obligated to pay is 2550.