math

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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 -

    What don't you understand about this problem?

  • math -

    how do you solve this question?

  • math -

    Plug the numbers into the formula.

  • math -

    percentage= 5%
    rate=?
    time= 1 year

  • math -

    Principal = 1500
    Rate = 0.05
    Time = 1

  • math -

    From there on what's the next step?

  • math -

    Is that's the answer?

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