Question

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.

Answer 1

$ 96

Explanation:

plug in your values and solve

I = 800 • 0.03 • 4

I = 96