chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is the amount of interest chris will earn the first year her money is in the savings account? use the formula i=prt

Answer 1

What don't you understand about this problem?

Answer 2

how do you solve this question?

Answer 3

Plug the numbers into the formula.

Answer 4

percentage= 5%
rate=?
time= 1 year

Answer 5

Principal = 1500
Rate = 0.05
Time = 1

Answer 6

From there on what's the next step?

Answer 7

Is that's the answer?

Answer 8

idk