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Dustin has $1,000 in a savings account that earns 10% interest per year. The interest is not compounded. How much will he have in total in 1 year? 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.

User Sixto Saez
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1 Answer

4 votes

Answer:

1,100

Explanation:

1000 x 0.1 = 100

1000 + 100 = 1,100

User Jfrmilner
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