Debbie has $200 in a savings account that earns 5% interest per year. The interest is not
compounded. How much interest will she earn in 1 year?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.
Submit

Respuesta :

Answer/Step-by-step explanation:

I = p (1 + r)^t

Interest = 210

Principal = 200

Rate = 1 + 0.05

Time = 1 year

210 = 200 (1.05)^1

Answer:

Answer/Step-by-step explanation:

I = p (1 + r)^t

Interest = 210

Principal = 200

Rate = 1 + 0.05

Time = 1 year

210 = 200 (1.05)^1

Step-by-step explanation: