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.
a.How much did he invest ?                                                                              b.How much interest did he earn?
<pre>He's WRONG, AS USUAL. Interest was NOT {{{(0.08(50000))=highlight(4000)}}}, so {{{cross((0.08(50000))=highlight(4000))}}}.