Question

Landon has $24 in a savings account. The interest rate is 10% per

year and is not compounded. How much will he have in 2 years?
Use formula i=p*r*t, 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

10% of $24 is $2.40 so $2.40X 2 =$4.80