Marco has $600 in a savings account that earns 10 % annually. The interest is not compounded. How much will he 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. $_____

Convert to decimal: Step 1: Convert the annual interest rate from a percentage to a decimal. Calculation: 10% = 0.10Calculate interest: Step 2: Use the formula i = prt to calculate the interest earned in one year. Calculation: i = 600 * 0.10 * 1Total interest: Step 3: Calculate the total interest earned after one year. Calculation: i = 600 * 0.10 * 1 = 60Calculate total amount: Step 4: Add the interest earned to the principal to find the total amount in the account after one year. Calculation: Total = 600 + 60 = 660

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Marco has $\$600$ in a savings account that earns $10\%$ annually. The interest is not compounded. How much will he 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. Marco has

\$600

in a savings account that earns

10\%

annually. The interest is not compounded. How much will he 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

\$

\_\_\_\_\_

Convert to decimal: Step $1$ : Convert the annual interest rate from a percentage to a decimal. $\newline$ Calculation: $10\% = 0.10$
Calculate interest: Step $2$ : Use the formula $i = prt$ to calculate the interest earned in one year. $\newline$ Calculation: $i = 600 \times 0.10 \times 1$
Total interest: Step $3$ : Calculate the total interest earned after one year. $\newline$ Calculation: $i = 600 \times 0.10 \times 1 = 60$
Calculate total amount: Step $4$ : Add the interest earned to the principal to find the total amount in the account after one year. $\newline$ Calculation: Total = $600 + 60 = 660$