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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asked Nov 26, 2021 219k views

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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 (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.