Asked 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?
Answered by Ms. Sue
I = PRT

I = 8250 * 0.0725 * 3

I = ?
Answered by diamond
ms. sue! can your go back on my question and help me?!!
Answered by Juliana
For my answer so got $1794.38. Is this correct?
Answered by Ms. Sue
Yes. That's right.
Answered by Juliana
Thank you.
Answered by Ms. Sue
You're welcome.