Answered

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Fernando has $50 in a savings account that earns 10% interest per year. The interest is not
compounded. How much interest will he earn in 1 year?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.

Sagot :

Answer: $5

Step-by-step explanation:

i = 50 x .10 x 1

i = 5

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