Question

1. ron has $100,000 in a savings account that earns 15% annually. the interest is not compounded. how much will he have in total in 2 years? 4) 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. $\\$$submit

Explanation:

Step1: Identify given values

Principal $p = \$100,000$, rate $r = 0.15$, time $t = 2$

Step2: Calculate earned interest

$I = prt = 100000 \times 0.15 \times 2$
$I = 30000$

Step3: Find total amount

Total = Principal + Interest = $100000 + 30000$

Answer:

$\$130,000$