Justine has $40 in a savings account that earns 5% annually. The interest is not compounded. How much interest will she earn in 1 year?

S.I = $2

Step-by-step explanation:

Given the following data;

Principal = $40

Interest rate = 5%

Time, t = 1

To find the simple interest;

Mathematically, simple interest is calculated using this formula;

Where;

S.I is simple interest.

P is the principal.

R is the interest rate.

T is the time.

Substituting into the equation, we have;

S.I = $2

hello i am doing good for you that it's summer in your country or state ; )

btw in my country we just have sun and rain as (because i live in the caribbean lol)

also, thx a lot for the points : )

idk

step-by-step explanation: