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Leroy borrowed $8250 to be repaid after 3 years at an annual simple interest rate of 7.25%.
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Leroy borrowed $8250 to be repaid after 3 years at an annual simple interest rate of 7.25%.

User Wabbitseason
by
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1 Answer

7 votes

Answer: 598.125 each year

Explanation:

if you want to find out how much he pays after one year it would be...

8250 times 7.25 divided by 100 = 598.125

User Ben XO
by
6.6k points
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