Question

Alexa has $900 in a savings account that earns 2% annually. The interest is not compounded. How much will she have in total in 5 years? 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.​

Answer 1

Alex will have a total of $990 in 5 years.

Explanation:

Using the formula
`i=prt` we get
`i=900` ×
`0.2` ×
`5` which equals 90

`900 + 90 = 990`