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?

  1. Ms. Sue

    I = PRT

    I = 8250 * 0.0725 * 3

    I = ?

  2. diamond

    ms. sue! can your go back on my question and help me?!!

  3. Juliana

    For my answer so got $1794.38. Is this correct?

  4. Ms. Sue

    Yes. That's right.

  5. Juliana

    Thank you.

  6. Ms. Sue

    You're welcome.

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