Jenna has $80 in a savings account. The interest rate is 5 % per year and is not compounded. How much interest will she earn 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. $_____

Identify values needed: Identify the values needed to calculate the interest. Principal (p) = $80 Interest rate (r) = 5% or 0.05 as a decimal Time (t) = 1 yearUse formula to calculate: Use the formula i = prt to calculate the interest. i = $80 * 0.05 * 1Perform multiplication to find interest: Perform the multiplication to find the interest. i = $4

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Jenna has $\$80$ in a savings account. The interest rate is $5\%$ per year and is not compounded. How much interest will she earn 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. Jenna has

\$80

in a savings account. The interest rate is

5\%

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

\$

_____

Identify values needed: Identify the values needed to calculate the interest. $\newline$ Principal $p$ = $\$80$ $\newline$ Interest rate $r$ = $5\%$ or $0.05$ as a decimal $\newline$ Time $t$ = $1$ year
Use formula to calculate: Use the formula $i = prt$ to calculate the interest. $\newline$ $i = (\$80) \times 0.05 \times 1$
Perform multiplication to find interest: Perform the multiplication to find the interest. $i = \$4$