document.write( "Question 972229: $800 is invested for 5 years at an annual simple interest rate of 14%
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document.write( " how much interest will be earned?
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document.write( "what is the future value of the investment at the end of the 5 year? \n" );
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Algebra.Com's Answer #594607 by amarjeeth123(569)![]() ![]() ![]() You can put this solution on YOUR website! Interest=P*t*r/100 where P is the principal t is the time and r is the rate \n" ); document.write( "Plugging in the values, \n" ); document.write( "Interest=800*5*14/100=$560 \n" ); document.write( "Future value of the investment=P+I=800+560=$1360. \n" ); document.write( " |