Darnel has $50 in a savings account that earns 5 % annually. The interest is not compounded. How much interest will he earn in 5 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. $_____

Principal Amount: Darnel's principal amount (p) is $50. Annual Interest Rate: The annual interest rate (r) is 5%, which as a decimal is 0.05. Time: The time (t) is 5 years. Calculate Interest: Now we use the formula i = prt to calculate the interest. So, i = $50 * 0.05 * 5. Multiplication: Doing the multiplication, i = $2.5 * 5. Final Interest: Finally, i = $12.5.

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Darnel has $\$50$ in a savings account that earns $5\%$ annually. The interest is not compounded. How much interest will he earn in $5$ years? $\newline$ 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. Darnel has

\$50

in a savings account that earns

5\%

annually. The interest is not compounded. How much interest will he earn in

5

years?

\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

\$

\_\_\_\_\_

Principal Amount: Darnel's principal amount $p$ is $\$50$ .
Annual Interest Rate: The annual interest rate $r$ is $5\%$ , which as a decimal is $0.05$ .
Time: The time $t$ is $5$ years.
Calculate Interest: Now we use the formula $i = prt$ to calculate the interest. So, $i = \$(50) * 0.05 * 5$ .
Multiplication: Doing the multiplication, $i = \$2.5 \times 5$ .
Final Interest: Finally, $i = \$12.5$ .