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Maddie has $80\$80 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much will she have in total in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$___

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Q. Maddie has $80\$80 in a savings account. The interest rate is 10%10\% per year and is not compounded. How much will she have in total in 11 year? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$___
  1. Starting Amount: Maddie's starting amount (principal) is $80\$80.
  2. Interest Rate: The interest rate is 10%10\%, which as a decimal is 0.100.10.
  3. Time: The time is 11 year.
  4. Calculate Interest: Use the formula i=prti = prt to calculate the interest. So, i=($80)×0.10×1i = (\$80) \times 0.10 \times 1.
  5. Calculate Total: Calculate the interest: i=($80)×0.10×1=($8).i = (\$80) \times 0.10 \times 1 = (\$8).
  6. Final Amount: Add the interest to the starting amount to find the total: $80+$8=$88\$80 + \$8 = \$88.
  7. Final Amount: Add the interest to the starting amount to find the total: $80+$8=$88\$80 + \$8 = \$88.So, Maddie will have $88\$88 in her savings account after 11 year.

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