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.
Answer This Question
Related Questions
 Math  Nick borrowed $7150, to be repaired at an annual simple interest rate of ...
 math  Rochelle borrowed $850 for 6 years at a simple interest rate of 8%. How ...
 Math  You borrow $2,000 for a period of 4 years. You are charged simple ...
 anonymous  1.) an account invested in a month market fund grew from $67,081.20 ...
 math  Leroy invests $7,500 at 15% simple interest per year. How much interest ...
 Math Check My Work Please 2  15. Lisa takes a loan of $10,500 at a 9% simple ...
 math  How much would you repay the bank if you borrowed $7,900 at 4.3% annual ...
 simple interest  a student borrow $12000 at a simple interest rate 4.5% how ...
 Math  A bank offers two interest account plans. Plan A gives you 6% interest ...
 Math Help Please!  A bank offers two interest account plans. Plan A gives you 6...
More Related Questions