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?

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**Ms. Sue**, Monday, January 28, 2013 at 9:16pm
I = PRT

I = 8250 * 0.0725 * 3

I = ?

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

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

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

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

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

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