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1 vote
Anita has $300 in her savings account that earns 5% annually. The

interest is not compounded. How much interest will she earn in 1
year?
(Hint: Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.)

2 Answers

4 votes
She will have 315 Dollars.

User Gurkan ?Lleez
by
8.0k points
6 votes

she will have $15

if you do 300 times 5% times 1 it will equal $15


User Windix
by
8.4k points

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