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Jamie has $30 in a savings account. The interest rate is 10% per year and is not compounded. How much will he have in 3 years? Use the formula i = prt, where i is the interest earned, p is the principal
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5 votes
Jamie has $30 in a savings account. The interest rate is 10% per year and is not

compounded. How much will he have in 3 years?
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.

Jamie has $30 in a savings account. The interest rate is 10% per year and is not compounded-example-1
User Isha Balla
by
8.5k points

1 Answer

5 votes

Answer:

the answer is 30 * 0.10 * 3

Explanation:

the equation is money * interest * time

User Gotopie
by
8.3k points
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