SOLUTION: 20. Business and finance. Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the interest rate is 6.5%?
Solve each of the following applications.
Algebra.Com
Question 78719: 20. Business and finance. Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the interest rate is 6.5%?
Solve each of the following applications.
Answer by tutor_paul(519) (Show Source): You can put this solution on YOUR website!
Assuming no compounding, the interest earned in a year is simply
Good Luck
tutor_paul@yahoo.com
RELATED QUESTIONS
Business and finance. Paul invested $5000 in a time deposit. What interest will
he earn... (answered by tutorcecilia)
Business and finance. Paul invested $5000 in a time deposit. What interest will he earn (answered by chitra)
Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the... (answered by fractalier)
Paul invested $5000 in a time deposit. What interest will
he earn for 1 year if the... (answered by stanbon)
Paul invested $5000 in a time deposit. What interest will
he earn for 1 year if the... (answered by checkley75)
Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the... (answered by checkley71)
Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the... (answered by HyperBrain)
Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the... (answered by edjones)
Paul invested $5000 in a time deposit. What interst will he earn for 1 year if the... (answered by tutorcecilia)