SOLUTION: Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the interest rate is 6.5%?

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Question 63007: Paul invested $5000 in a time deposit. What interest will
he earn for 1 year if the interest rate is 6.5%?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Paul invested $5000 in a time deposit. What interest will
he earn for 1 year if the interest rate is 6.5%?
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0.065(5000)=$325
Cheers,
Stan H.