Cooper has $200 in a savings account. The interest rate is 10% per year and is not compounded. How much interest will he earn in

Question

2 years ago

8

Cooper has $200 in a savings account. The interest rate is 10% per year and 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), r is the interest rate expressed as a decimal, and t is the time in years.

Mathematics

2 answers:

taurus [48] · Answer 1 · 2022-08-22T02:13:31+03:00

taurus [48]2 years ago

6 0

Answer:

The interest is $20 per year

Step-by-step explanation:

miskamm [114] · Answer 2 · 2022-08-22T03:36:12+03:00

Answer:

$20

Step-by-step explanation:

using the formula you gave, you can plug in the numbers, i=200 * .10 * 1 since you start with 200 dollars, have a 10% interest rate, and it has been one year, then solve to get 20

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