Vivian has $300 in a savings account. The interest rate is 5 % 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. $_____

Convert to decimal: Step 1: Convert the interest rate to a decimal. 5% as a decimal is 0.05. Calculation: 5 / 100 = 0.05 Calculate interest earned: Step 2: Use the formula i = prt to find the interest earned in one year. p = $300, r = 0.05, t = 1. Calculation: i = 300 * 0.05 * 1 = $15 Find total amount: Step 3: Add the interest earned to the principal to find the total amount. Total amount = Principal + Interest Calculation: $300 + $15 = $315

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Vivian has $\$300$ in a savings account. The interest rate is $5\%$ 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. Vivian has

\$300

in a savings account. The interest rate is

5\%

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

\$

\_\_\_\_

Convert to decimal: Step $1$ : Convert the interest rate to a decimal. $\newline$ $5\%$ as a decimal is $0.05$ . $\newline$ Calculation: $\frac{5}{100} = 0.05$
Calculate interest earned: Step $2$ : Use the formula $i = prt$ to find the interest earned in one year. $p = \$300$ , $r = 0.05$ , $t = 1$ . Calculation: $i = 300 \times 0.05 \times 1 = \$15$
Find total amount: Step $3$ : Add the interest earned to the principal to find the total amount. $\newline$ Total amount = Principal + Interest $\newline$ Calculation: $\$300 + \$15 = \$315$