Math
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?
asked by
Juliana

I = PRT
I = 8250 * 0.0725 * 3
I = ?
posted by Ms. Sue

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

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

Yes. That's right.
posted by Ms. Sue

Thank you.
posted by Juliana

You're welcome.
posted by Ms. Sue
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