tara has $88,850 in a savings account that earns 10% interest per year. the interest is not compounded. how…

tara has $88,850 in a savings account that earns 10% interest per year. the interest is not compounded. how much interest will she earn in 3 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.

tara has $88,850 in a savings account that earns 10% interest per year. the interest is not compounded. how much interest will she earn in 3 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

Explanation:

Step1: Identify values

$p = 88850$, $r=0.1$, $t = 3$

Step2: Substitute into formula

$i=prt=88850\times0.1\times3$

Step3: Calculate result

$i = 88850\times0.3=26655$

Answer:

$26655$