Leon has $900 in a savings account that earns 10 % interest per year. The interest is not compounded. How much interest will he 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 details: Step 1: Identify the principal amount, interest rate, and time. Leon has $900 in his savings account, the interest rate is 10%, and the time is 1 year. Convert the interest rate to a decimal: 10% = 0.10.Use formula: Step 2: Use the formula i = prt to calculate the interest. Plug in the values: i = 900 * 0.10 * 1.Calculate interest: Step 3: Perform the multiplication to find the interest. i = 900 * 0.10 * 1 = 90.

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Leon has $\$900$ in a savings account that earns $10\%$ interest per year. The interest is not compounded. How much interest will he 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. Leon has

\$900

in a savings account that earns

10\%

interest per year. The interest is not compounded. How much interest will he 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 details: Step $1$ : Identify the principal amount, interest rate, and time. $\newline$ Leon has $\$900$ in his savings account, the interest rate is $10\%$ , and the time is $1$ year. $\newline$ Convert the interest rate to a decimal: $10\% = 0.10$ .
Use formula: Step $2$ : Use the formula $i = prt$ to calculate the interest. $\newline$ Plug in the values: $i = 900 \times 0.10 \times 1$ .
Calculate interest: Step $3$ : Perform the multiplication to find the interest. $\newline$ $i = 900 \times 0.10 \times 1 = 90$ .