document.write( "Question 930193: $13,000 is deposited into a savings account that earns simple intrest at a rate of 6.5 percent per year. How much intrest will the money have earned after 3 years? \n" ); document.write( "
Algebra.Com's Answer #564759 by Hawksfan(61)![]() ![]() You can put this solution on YOUR website! I = P * R * t \n" ); document.write( "Interest = Principal * Rate * time\r \n" ); document.write( "\n" ); document.write( "P = 13000 \n" ); document.write( "R = 6.5% = .065 (% means divided by 100) \n" ); document.write( "t = 3 years\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "fill in what you know\r \n" ); document.write( "\n" ); document.write( "I = 13000 * .065 * 3yr = 2565 \n" ); document.write( " \n" ); document.write( " |