Martina has $50 in a savings account that earns 5% interest per year. The interest is not compounded. How much interest will she earn in 1 year?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Martina has $50 in a savings account
that earns 5% interest per year. 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.
Transcribed Image Text:Martina has $50 in a savings account that earns 5% interest per year. 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.
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