Posted by **Nicole** on Sunday, August 4, 2013 at 11:51am.

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

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**Ms. Sue**, Sunday, August 4, 2013 at 12:12pm
What don't you understand about this problem?

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**Nicole**, Sunday, August 4, 2013 at 12:20pm
how do you solve this question?

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**Ms. Sue**, Sunday, August 4, 2013 at 12:23pm
Plug the numbers into the formula.

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**Nicole**, Sunday, August 4, 2013 at 12:32pm
percentage= 5%

rate=?

time= 1 year

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**Ms. Sue**, Sunday, August 4, 2013 at 12:51pm
Principal = 1500

Rate = 0.05

Time = 1

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**Nicole**, Wednesday, August 7, 2013 at 2:17pm
From there on what's the next step?

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**Nicole**, Wednesday, August 7, 2013 at 4:09pm
Is that's the answer?

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