document.write( "Question 38220: Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the interest rate is 6.5%? \n" ); document.write( "
Algebra.Com's Answer #23707 by fractalier(6550)\"\" \"About 
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The formula is I = PRT, Interest = principal x rate x time, so
\n" ); document.write( "I = $5000(.065)(1) = $325
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