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 96435: Paul invested $5000 in a time deposit. What interest will he earn for 1 year if the interest rate is 6.5%?

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
$5,000*.065=$325 Paul will earn in interest for 1 year.