document.write( "Question 313495: Sam deposits $15,000.00 in an account that earns 3.2% simple interest. How much interest will his money earn in 1 year? \n" ); document.write( "
Algebra.Com's Answer #224156 by mananth(16946)![]() ![]() You can put this solution on YOUR website! the Simple Interest = p*r*t \r \n" ); document.write( "\n" ); document.write( "where p is the amount invested=15000 \n" ); document.write( "t=1 year \n" ); document.write( "rate = 0.032 \n" ); document.write( "15000*1*0.032 \n" ); document.write( "=480 \n" ); document.write( "$ 480 \n" ); document.write( " |