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