posted by Nicole on .
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
What don't you understand about this problem?
how do you solve this question?
Plug the numbers into the formula.
time= 1 year
Principal = 1500
Rate = 0.05
Time = 1
From there on what's the next step?
Is that's the answer?