math
posted by EJ .
How much interest would a person have to pay on a $3250 loan at 5% for three years??

I = PRT
I = 3240 * 0.05 * 3
I = ?
Respond to this Question
Similar Questions

Math
Maya bought a car for $15,000. To pay for it, she took a bank addon interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments? 
math
Five years ago, you bought a house for $151,000, with a downpayment of $30,000 which meant you took out a $121,000 loan. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and … 
Business Math
If Wilma borrows $5,000 from her brother (at 5% interest per year) and the loan matures in 10 years, how much will she have to pay annually to pay the loan off in 10 years? 
Algebra
Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 years? 
Plz Hellp
Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 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? 
Math
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? 
math
megan borrows £5000 to buy a cat at a rate of 8% over 3 years. how much does she have to pay over the three years? 
Math
I am purchasing a car for $8,500. I have a loan for the purchase with a 9.2% annual interest rate compounded continuously and the loan will run for three years. How much do I pay per month? 
Math
This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $108,123 left …