Gwen has $40 in a savings account that earns 5 % annually. The interest is not compounded. How much interest will she 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. $_____

Convert to Decimal: Gwen has $40 in her savings account and the interest rate is 5% annually, which is not compounded. To find the interest earned in 5 years, we'll use the formula i = prt. Plug Values into Formula: First, convert the interest rate from a percentage to a decimal by dividing by 100. So, 5% becomes 0.05. Calculate Interest: Now, plug the values into the formula: i = prt. Here, p = $40, r = 0.05, and t = 5 years. Multiply Values: Calculate the interest: i = 40 * 0.05 * 5. Do the multiplication: i = 40 * 0.25.

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Gwen has $\$40$ in a savings account that earns $5\%$ annually. The interest is not compounded. How much interest will she 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. Gwen has

\$40

in a savings account that earns

5\%

annually. The interest is not compounded. How much interest will she 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

\$

\_\_\_\_

Convert to Decimal: Gwen has $\$40$ in her savings account and the interest rate is $5\%$ annually, which is not compounded. To find the interest earned in $5$ years, we'll use the formula $i = prt$ .
Plug Values into Formula: First, convert the interest rate from a percentage to a decimal by dividing by $100$ . So, $5\%$ becomes $0.05$ .
Calculate Interest: Now, plug the values into the formula: $i = prt$ . Here, $p = \$(40)$ , $r = 0.05$ , and $t = 5$ years.
Multiply Values: Calculate the interest: $i = 40 \times 0.05 \times 5$ .
Multiply Values: Calculate the interest: $i = 40 \times 0.05 \times 5$ . Do the multiplication: $i = 40 \times 0.25$ .