SOLUTION: 20) paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: 20) paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 40701: 20)
paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%
Found 2 solutions by Nate, stanbon:
Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
I = PRT
I = 5000*0.065*1
I = 325

Answer by stanbon(48551) About Me  (Show Source):
You can put this solution on YOUR website!
0.065(5000)= $325
Cheers,
Stan H.