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Dmitry_Shevchenko [17]

2 years ago

10

Katie has $600 in a savings account that earns 5% annually. The interest is not compounded. How much interest will she earn in 1

year ?

1 answer:

ratelena [41]2 years ago

7 0

Answer:

$30

Step-by-step explanation:

The formula for interest is I = Prt

Principal = 600

Rate = 0.05 or 5%

Time: 1 year

600 x 0.05 x 1 = 30

She earned an interest of 30.

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