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)![]() ![]() You can put this solution on YOUR website! The formula is I = PRT, Interest = principal x rate x time, so \n" ); document.write( "I = $5000(.065)(1) = $325 \n" ); document.write( " |