ashleyjadev ashleyjadev

14-05-2021
Mathematics

contestada

Florence has $400 in a savings account. The interest rate is 5% per year and is not
compounded. How much interest will she earn in 1 year?
Use the formula i = prt, where i 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.

Respuesta :

clarch19 clarch19

14-05-2021

Answer:

$20

Step-by-step explanation:

I = 400(.05)(1)

I = 20

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