SOLUTION: 20) paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%

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Question 40701: 20)
paul invested 5,000 in a time depsoit.what interest will he earn for 1 year if the interest rate is 6.5%
Found 2 solutions by Nate, stanbon:
Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
I = PRT
I = 5000*0.065*1
I = 325

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
0.065(5000)= $325
Cheers,
Stan H.