Sidney has $100 in a savings account that earns 10 % annually. The interest is not compounded. How much interest will she 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 values: Step 1: Identify the principal amount, interest rate, and time. Principal (p) = $100, Interest rate (r) = 10% or 0.10 as a decimal, Time (t) = 1 year.Apply formula: Step 2: Apply the formula i = prt to calculate the interest. i = $100 * 0.10 * 1 i = $10

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Sidney has $\$100$ in a savings account that earns $10\%$ annually. The interest is not compounded. How much interest will she 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. Sidney has

\$100

in a savings account that earns

10\%

annually. The interest is not compounded. How much interest will she 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 values: Step $1$ : Identify the principal amount, interest rate, and time. $\newline$ Principal $p$ = $\$100$ , $\newline$ Interest rate $r$ = $10\%$ or $0.10$ as a decimal, $\newline$ Time $t$ = $1$ year.
Apply formula: Step $2$ : Apply the formula $i = prt$ to calculate the interest. $\newline$ $i = (\$100) \times 0.10 \times 1$ $\newline$ $i = (\$10)$