John has $80 in a savings account that earns 55% annually. The interest is not compounded. How much interest will John earn in 2 years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate
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Damon
80 * 0.55 * 2
but I bet you mean 5.5 % which is 0.055
but I bet you mean 5.5 % which is 0.055