math
posted by Nicole .
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.

percentage= 5%
rate=?
time= 1 year 
Principal = 1500
Rate = 0.05
Time = 1 
From there on what's the next step?

Is that's the answer?