Question

Correct answers only please!

Oscar has $80 in a savings account that earns 5% annually. The interest is not compounded. How much will he have in 4 years?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Answer 1

Answer:

$ 16

Step-by-step explanation:

Using the given formula :

I = P × R × T

I = 80 × 5/100 × 4

I = $ 16

So the tital amounts to = $80 + $16 = $96