document.write( "Question 67758: Paul invested $5000 in a time deposit. What interst will he earn for 1 year if the interest rate is 6.5%?\r
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document.write( "Is the answer $325.00 \n" );
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Algebra.Com's Answer #48247 by tutorcecilia(2152)![]() ![]() You can put this solution on YOUR website! Yes, I agree with your answer, because: \n" ); document.write( "Interest = (Principle)(rate)(time) [formula for simple interest] \n" ); document.write( "I=(5000)(.065)(1)[change the percent to a decimal; multiply] \n" ); document.write( "I=$325 \n" ); document.write( "Good job!! \n" ); document.write( " |