Maddie has $80 in a savings account. The interest rate is 10 % per year and is not compounded. How much will she have in total 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. $_____

Starting Amount: Maddie's starting amount (principal) is $80.Interest Rate: The interest rate is 10%, which as a decimal is 0.10.Time: The time is 1 year.Calculate Interest: Use the formula i = prt to calculate the interest. So, i = $80 * 0.10 * 1.Calculate Total: Calculate the interest: i = $80 * 0.10 * 1 = $8.Final Amount: Add the interest to the starting amount to find the total: $80 + $8 = $88.So, Maddie will have $88 in her savings account after 1 year.

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Maddie has $\$80$ in a savings account. The interest rate is $10\%$ per year and is not compounded. How much will she have in total 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. Maddie has

\$80

in a savings account. The interest rate is

10\%

per year and is not compounded. How much will she have in total 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

\$

___

Starting Amount: Maddie's starting amount (principal) is $\$80$ .
Interest Rate: The interest rate is $10\%$ , which as a decimal is $0.10$ .
Time: The time is $1$ year.
Calculate Interest: Use the formula $i = prt$ to calculate the interest. So, $i = (\$80) \times 0.10 \times 1$ .
Calculate Total: Calculate the interest: $i = (\$80) \times 0.10 \times 1 = (\$8).$
Final Amount: Add the interest to the starting amount to find the total: $\$80 + \$8 = \$88$ .
Final Amount: Add the interest to the starting amount to find the total: $\$80 + \$8 = \$88$ .So, Maddie will have $\$88$ in her savings account after $1$ year.