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14 votes
Abby has $800 in a savings account that earns 3% interest per year. The interest is not

compounded. How much interest will she earn in 4 years?
Use the formula / - prt, where / 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.

User Darsshan
by
4.5k points

1 Answer

10 votes

Answer:

$ 96

Explanation:

plug in your values and solve

I = 800 • 0.03 • 4

I = 96

User Saurabh Ghorpade
by
4.5k points