Eve has $70 in a savings account. The interest rate is 5 % per year and is not compounded. How much interest will she earn in 4 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. $_____

Convert to decimal: Question_prompt: How much interest will Eve earn in 4 years on her $70 savings at a 5% annual interest rate, without compounding? Use formula: Step 1: Convert the interest rate from a percentage to a decimal. 5% as a decimal is 0.05. Perform calculation: Step 2: Use the formula i = prt to calculate the interest. Here, p = $70, r = 0.05, and t = 4 years. So, i = 70 * 0.05 * 4. Step 3: Perform the calculation. i = 70 * 0.05 * 4 i = 70 * 0.2 i = $14.

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Eve has $\$70$ in a savings account. The interest rate is $5\%$ per year and is not compounded. How much interest will she earn in $4$ 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. Eve has

\$70

in a savings account. The interest rate is

5\%

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

4

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

\$

\_\_\_\_\_

Convert to decimal: Question_prompt: How much interest will Eve earn in $4$ years on her $\$70$ savings at a $5\%$ annual interest rate, without compounding?
Use formula: Step $1$ : Convert the interest rate from a percentage to a decimal. $\newline$ $5\%$ as a decimal is $0.05$ .
Perform calculation: Step $2$ : Use the formula $i = prt$ to calculate the interest. $\newline$ Here, $p = \$70$ , $r = 0.05$ , and $t = 4$ years. $\newline$ So, $i = 70 \times 0.05 \times 4$ .
Perform calculation: Step $2$ : Use the formula $i = prt$ to calculate the interest. Here, $p = \$70$ , $r = 0.05$ , and $t = 4$ years. So, $i = 70 \times 0.05 \times 4$ . Step $3$ : Perform the calculation. $i = 70 \times 0.05 \times 4$ $i = 70 \times 0.2$ $i = \$14$ .