Math
posted by Juliana
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?
Respond to this Question
Similar Questions

anonymous
1.) an account invested in a month market fund grew from $67,081.20 to $67,359.39 in a month. What was the interest rate, to the nearest tenth? 
math
Rochelle borrowed $850 for 6 years at a simple interest rate of 8%. How much will Rochelle have to repay after the 6 years ? 
Math Check My Work Please 2
15. Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a. How much interest will she pay after 3 years? 
simple interest
a student borrow $12000 at a simple interest rate 4.5% how much interest is owed at the end of 5 years what amount of money must be repaid 
math
Leroy invests $7,500 at 15% simple interest per year. How much interest will he earn in 10 months? 
Math
You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? 
Math
Nick borrowed $7150, to be repaired at an annual simple interest rate of 6.25%. How much interest will be due after 5 years? 
Financial maths year 9
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's interest was calculated at the same rate on the balance owing, how much would she have owed after 6 months if … 
Maths
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's interest was calculated at the same rate on the balance owing, how much would she have owed after 6 months if … 
discrete math
You have borrowed $8000 from the bank. Suppose you want to repay a fixed amount of money for each of the following n years (except possibly the last year), and the annual interest rate r does not change in these n years. For example, …