Question

Anita has $300 in her savings account that earns 5% annually. The

interest is not compounded. How much interest will she earn in 1
year?
(Hint: 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

She will have 315 Dollars.

Answer 2

she will have $15

if you do 300 times 5% times 1 it will equal $15