Henry has $70 in a savings account that earns 10 % interest per year. 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. $_____

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Henry has $70 in a savings account that earns 10 % interest per year. 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.  $_____

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Calculate Interest Rate:  Henry's got $70 in the bank, and it's earning 10% interest each year, not compounded. So, we gotta figure out the interest after 5 years. Convert Interest Rate to Decimal:  First, let's convert that 10% interest rate to a decimal. So, 10% is like 10/100, which is 0.10. Use Interest Formula:  Now, we use the formula i = prt to find the interest. We plug in p = $70, r = 0.10, and t = 5 years. Calculate Interest:  Let's do the math: i = 70 * 0.10 * 5. Final Interest Calculation:  So, i = $35. That's the interest Henry will earn in 5 years.

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