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

math 
Ms. Sue,
What don't you understand about this problem?

math 
Nicole,
how do you solve this question?

math 
Ms. Sue,
Plug the numbers into the formula.

math 
Nicole,
percentage= 5%
rate=?
time= 1 year 
math 
Ms. Sue,
Principal = 1500
Rate = 0.05
Time = 1 
math 
Nicole,
From there on what's the next step?

math 
Nicole,
Is that's the answer?