Question

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.​

Answer 1

Answer:

The interest is $20 per year

Step-by-step explanation:

Answer 2

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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