SOLUTION: $13,000 is deposited into a savings account that earns simple intrest at a rate of 6.5 percent per year. How much intrest will the money have earned after 3 years?
Algebra.Com
Question 930193: $13,000 is deposited into a savings account that earns simple intrest at a rate of 6.5 percent per year. How much intrest will the money have earned after 3 years?
Answer by Hawksfan(61) (Show Source): You can put this solution on YOUR website!
I = P * R * t
Interest = Principal * Rate * time
P = 13000
R = 6.5% = .065 (% means divided by 100)
t = 3 years
fill in what you know
I = 13000 * .065 * 3yr = 2565
RELATED QUESTIONS
a total of $15,000 was invested in two savings accounts. one account pays 4% annual... (answered by ikleyn)
A total of $18,000 is invested in two simple intrest accounts. On one of the accounts... (answered by checkley71)
A man invested $6,000, part of it at 5% simple intrest and the rest at 7% simple intrest. (answered by math problem solving)
You invest $200 into a savings account that earns 2% simple intrest. how long will it... (answered by rfer)
if you $200 into a simple intrest savings acount for 5 years and earn $60 in intrest what (answered by jorel1380)
a total of $10000 was invested in to simple intrest accounts for one year. the first... (answered by JBarnum)
Suppose you deposit $80 in a savings account that pays an annual intrest rate of 6%. How... (answered by checkley71,stanbon)
jason has invested a total of $25,000 in two accounts and at the end of one year earned... (answered by checkley77)
a teacher invested $11,000 in two accounts. part of the money was invested at 8% annual... (answered by solver91311)