Angie has $500 in a savings account that earns 10 % interest per year. The interest 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), r is the interest rate expressed as a decimal, and t is the time in years. $_____

Identify values: Step 1: Identify the principal amount, interest rate, and time. Principal (p) = $500, Interest rate (r) = 10%, Time (t) = 1 year. Convert the interest rate from a percentage to a decimal by dividing by 100: r = 10/100 = 0.1.Calculate interest: Step 2: Use the formula i = prt to calculate the interest. Substitute the values into the formula: i = 500 * 0.1 * 1.Find total interest: Step 3: Perform the multiplication to find the interest. i = 500 * 0.1 * 1 = 50.

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Angie has $\$500$ in a savings account that earns $10\%$ interest per year. The interest is not compounded. How much interest will she earn in $1$ year? $\newline$ 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. $\newline$ $\$$ $\_\_\_\_\_$

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Q. Angie has

\$500

in a savings account that earns

10\%

interest per year. The interest is not compounded. How much interest will she earn in

1

year?

\newline

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.

\newline

\$

\_\_\_\_\_

Identify values: Step $1$ : Identify the principal amount, interest rate, and time. $\newline$ Principal $p$ = $\$500$ , Interest rate $r$ = $10\%$ , Time $t$ = $1$ year. $\newline$ Convert the interest rate from a percentage to a decimal by dividing by $100$ : $r = \frac{10}{100} = 0.1$ .
Calculate interest: Step $2$ : Use the formula $i = prt$ to calculate the interest. $\newline$ Substitute the values into the formula: $i = 500 \times 0.1 \times 1$ .
Find total interest: Step $3$ : Perform the multiplication to find the interest. $\newline$ $i = 500 \times 0.1 \times 1 = 50$ .