Tara has $40 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. $_____

Principal Amount: Tara's starting amount (principal) is $40. 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 = $40 * 0.10 * 1. Calculate Total Amount: Calculating the interest, i = $40 * 0.10 * 1 = $4. Add the interest to the principal to find the total amount. So, total = $40 + $4. Calculating the total, total = $40 + $4 = $44.

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Tara has $\$40$ 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. Tara has

\$40

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

\$

___

Principal Amount: Tara's starting amount (principal) is $\$40$ .
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, $i = (\$40) \times 0.10 \times 1$ .
Calculate Total Amount: Calculating the interest, $i = (\$40) \times 0.10 \times 1 = (\$4)$ .
Calculate Total Amount: Calculating the interest, $i = \$40 \times 0.10 \times 1 = \$4$ . Add the interest to the principal to find the total amount. So, total = $\$40 + \$4$ .
Calculate Total Amount: Calculating the interest, $i = \$40 \times 0.10 \times 1 = \$4$ . Add the interest to the principal to find the total amount. So, total = $\$40 + \$4$ . Calculating the total, total = $\$40 + \$4 = \$44$ .