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Shivani has $800\$800 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much interest will she earn in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$_____\_\_\_\_\_

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Q. Shivani has $800\$800 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much interest will she earn in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$_____\_\_\_\_\_
  1. Convert to decimal: Step 11: Convert the interest rate to a decimal.\newlineReasoning: The interest rate needs to be in decimal form to use in the formula.\newlineCalculation: 10%=0.1010\% = 0.10
  2. Identify principal amount: Step 22: Identify the principal amount.\newlineReasoning: The principal is the initial amount of money in the savings account.\newlineCalculation: Principal pp = $800\$800
  3. Set time for calculation: Step 33: Set the time for which the interest is calculated.\newlineReasoning: The interest is calculated for 11 year.\newlineCalculation: Time (t)=1(t) = 1 year
  4. Calculate interest using formula: Step 44: Calculate the interest using the formula i=prti = prt. Reasoning: To find the interest earned in one year. Calculation: i=800×0.10×1i = 800 \times 0.10 \times 1
  5. Perform multiplication to find interest: Step 55: Perform the multiplication to find the interest.\newlineReasoning: Multiplying the principal by the rate and the time gives the interest.\newlineCalculation: i=800×0.10=80i = 800 \times 0.10 = 80

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