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Camilla has $70\$70 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much interest will she earn in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$_____

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Q. Camilla has $70\$70 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much interest will she earn in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$_____
  1. Identify values: Step 11: Identify the principal amount, interest rate, and time.\newlinePrincipal pp = $70\$70,\newlineInterest rate rr = 10%10\% or 0.100.10 as a decimal,\newlineTime tt = 11 year.
  2. Calculate interest: Step 22: Use the interest formula i=prti = prt to calculate the interest.\newlineCalculation: i=$70×0.10×1i = \$70 \times 0.10 \times 1.
  3. Find total interest: Step 33: Perform the multiplication to find the interest.\newlinei=($)70×0.10×1=($)7.i = (\$)70 \times 0.10 \times 1 = (\$)7.

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