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
  1. I = PRT

    I = 8250 * 0.0725 * 3

    I = ?

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

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

    posted by Juliana
  4. Yes. That's right.

    posted by Ms. Sue
  5. Thank you.

    posted by Juliana
  6. You're welcome.

    posted by Ms. Sue

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