Owllingo Owllingo

23-12-2022
Mathematics

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Rita has $1,000 in a savings account. The interest rate is 5% per year and is not compounded. How much interest will she earn in 1 year? Use the formula i = p x r x t, 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.

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