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?

Question

How do I set this up?

Answer 1

I = PRT

I = 8250 * 0.0725 * 3

I = ?

Answer 2

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

Answer 3

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

Answer 4

Yes. That's right.

Answer 5

Thank you.

Answer 6

You're welcome.