Deb has $60 in a savings account that earns 5 % annually. The interest is not compounded. How much will she have in total 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. $_____

Principal Amount: Deb's principal amount (p) is $60. Annual Interest Rate: The annual interest rate (r) is 5%, which as a decimal is 0.05. Time: The time (t) is 1 year. Calculate Interest: Use the formula i = prt to calculate the interest. So, i = 60 * 0.05 * 1. Calculate Total Amount: Calculating the interest, i = $3. Total Amount: Add the interest to the principal to find the total amount. So, total = 60 + 3. The total amount Deb will have in 1 year is $63.

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Deb has $\$60$ in a savings account that earns $5\%$ annually. The interest is not compounded. How much will she have in total 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. Deb has

\$60

in a savings account that earns

5\%

annually. The interest is not compounded. How much will she have in total 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

\$

\_\_\_\_

Principal Amount: Deb's principal amount $p$ is $\$60$ .
Annual Interest Rate: The annual interest rate $r$ is $5\%$ , which as a decimal is $0.05$ .
Time: The time $t$ is $1$ year.
Calculate Interest: Use the formula $i = prt$ to calculate the interest. So, $i = 60 \times 0.05 \times 1$ .
Calculate Total Amount: Calculating the interest, $i = \$3$ .
Total Amount: Add the interest to the principal to find the total amount. So, total = $60 + 3$ .
Total Amount: Add the interest to the principal to find the total amount. So, total = $60 + 3$ . The total amount Deb will have in $1$ year is $\$63$ .