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Correct answers only please! Latrell has $80 in a savings account. The interest rate is 5% per year and is not compounded. How much interest will he earn in 3 years? Use the formula i = prt, where i is
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Correct answers only please!

Latrell has $80 in a savings account. The interest rate is 5% per year and is not compounded. How much interest will he earn in 3 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.

Correct answers only please! Latrell has $80 in a savings account. The interest rate-example-1
User Sebastian Lange
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4 votes

Answer:

Use the given formula :

I = P × R × t

I = 80 × 5/100 × 3

I = $ 12

User Titus
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