Lexi has $100 in a savings account. The interest rate is 10 % per year and is not compounded. How much interest will she earn 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. $_____

Identify Principal Amount: question_prompt: How much interest will Lexi earn in 3 years on her $100 savings account with a 10% annual interest rate? Determine Annual Interest Rate: Lexi's principal amount (p) is $100. Specify Time Period: The annual interest rate (r) is 10%, which as a decimal is 0.10. Apply Interest Formula: The time (t) is 3 years. Calculate Interest: Use the formula i = prt to calculate the interest. So, i = $100 * 0.10 * 3. Calculate the interest: i = $100 * 0.10 * 3 = $30.

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Lexi has $\$100$ in a savings account. The interest rate is $10\%$ per year and is not compounded. How much interest will she earn 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. Lexi has

\$100

in a savings account. The interest rate is

10\%

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

\$

\_\_\_\_\_

Identify Principal Amount: question_prompt: How much interest will Lexi earn in $3$ years on her $\$100$ savings account with a $10\%$ annual interest rate?
Determine Annual Interest Rate: Lexi's principal amount $p$ is $\$100$ .
Specify Time Period: The annual interest rate $r$ is $10\%$ , which as a decimal is $0.10$ .
Apply Interest Formula: The time $t$ is $3$ years.
Calculate Interest: Use the formula $i = prt$ to calculate the interest. So, $i = (\$100) \times 0.10 \times 3$ .
Calculate Interest: Use the formula $i = prt$ to calculate the interest. So, $i = \$(100) \times 0.10 \times 3$ . Calculate the interest: $i = \$(100) \times 0.10 \times 3 = \$(30)$ .