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Rodrigo has $20\$20 in a savings account that earns 10%10\% annually. The interest is not compounded. How much interest will he earn in 44 years? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$___

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Q. Rodrigo has $20\$20 in a savings account that earns 10%10\% annually. The interest is not compounded. How much interest will he earn in 44 years? \newlineUse the formula i=prti = prt, where ii is the interest earned, pp is the principal (starting amount), rr is the interest rate expressed as a decimal, and tt is the time in years.\newline$\$___
  1. Identify principal: Question_prompt: How much interest will Rodrigo earn in 44 years on $20\$20 at 10%10\% annual interest, not compounded?
  2. Convert interest rate: Step 11: Identify the principal pp, which is the starting amount. Rodrigo has $20\$20 in his savings account.
  3. Determine time: Step 22: Convert the annual interest rate rr to a decimal. 10%10\% as a decimal is 0.100.10.
  4. Use formula: Step 33: Determine the time tt in years. Rodrigo will earn interest for 44 years.
  5. Perform calculation: Step 44: Use the formula i=prti = prt to calculate the interest. Plug in the values: i=($20)×0.10×4i = (\$20) \times 0.10 \times 4.
  6. Perform calculation: Step 44: Use the formula i=prti = prt to calculate the interest. Plug in the values: i=($)20×0.10×4i = (\$)20 \times 0.10 \times 4. Step 55: Perform the calculation: i=($)20×0.10×4=($)20×0.4=($)8i = (\$)20 \times 0.10 \times 4 = (\$)20 \times 0.4 = (\$)8.

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