document.write( "Question 63457: A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate? \n" ); document.write( "
Algebra.Com's Answer #44155 by checkley71(8403)\"\" \"About 
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I=PRT
\n" ); document.write( "400=5000*R*4
\n" ); document.write( "400=20000R
\n" ); document.write( "R=400/20000
\n" ); document.write( "R=.02 OR 2% INTEREST RATE.
\n" ); document.write( "PROOF
\n" ); document.write( "400=5000*.02*4
\n" ); document.write( "400=400
\n" ); document.write( "
\n" );