Hugo has $30 in a savings account that earns 10 % annually. The interest is not compounded. How much will he have in total in 3 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. $_____

Initial Information: Hugo's starting amount (principal) is $30 and the interest rate is 10% annually, which is 0.10 as a decimal. The time is 3 years. Calculate Interest: Using the formula i = prt to calculate the interest. i = $30 * 0.10 * 3. Calculate Total: Multiplying those together, i = $30 * 0.30 = $9. Final Amount: Now, add the interest to the principal to find the total amount after 3 years. Total = $30 + $9. So, Hugo will have $30 + $9 = $39 in total after 3 years.

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Hugo has $\$30$ in a savings account that earns $10\%$ annually. The interest is not compounded. How much will he have in total in $3$ 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. Hugo has

\$30

in a savings account that earns

10\%

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

3

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

\$

\_\_\_\_

Initial Information: Hugo's starting amount (principal) is \$$30$ and the interest rate is $10\%$ annually, which is $0.10$ as a decimal. The time is $3$ years.
Calculate Interest: Using the formula $i = prt$ to calculate the interest. $i = (\$30) \times 0.10 \times 3$.
Calculate Total: Multiplying those together, $i = \$30 \times 0.30 = \$9$.
Final Amount: Now, add the interest to the principal to find the total amount after $3$ years. Total = $\$30$ + $\$9$.
Final Amount: Now, add the interest to the principal to find the total amount after $3$ years. Total = $\$30 + \$9$. So, Hugo will have $\$30 + \$9 = \$39$ in total after $3$ years.