document.write( "Question 1172004: A clerk gets his first paycheck in the amount of $12500. He invests 40% in a fixed deposit account at a simple interest rate of 8% per annum for 3 years.
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Algebra.Com's Answer #796918 by josgarithmetic(39620)\"\" \"About 
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(a)
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\n" ); document.write( "\n" ); document.write( "(b)
\n" ); document.write( "\"%280.08%29%285000%29=highlight%28400%29\"---------only if this is first year, and if compounding is yearly. Not for the full three years.
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