Math
posted by
Juliana on
Monday, January 28, 2013 at 9:11pm .

Leroy borrowed $8250 to be repaid after 3 years at an annual simple interest rate of 7.25%. How much interest will be due after 3 years? How much will Leroy have to repay?
How do I set this up?

Math -
Ms. Sue ,
Monday, January 28, 2013 at 9:16pm
I = PRT
I = 8250 * 0.0725 * 3
I = ?

Math -
diamond ,
Monday, January 28, 2013 at 9:22pm
ms. sue! can your go back on my question and help me?!!

Math -
Juliana ,
Monday, January 28, 2013 at 9:23pm
For my answer so got $1794.38. Is this correct?

Math -
Ms. Sue ,
Monday, January 28, 2013 at 9:30pm
Yes. That's right.

Math -
Juliana ,
Monday, January 28, 2013 at 9:33pm
Thank you.

Math -
Ms. Sue ,
Monday, January 28, 2013 at 9:36pm
You're welcome.