Answer:
$15
Step-by-step explanation:
We are given that
Anita has money in her saving account=$300
She earns annually=5%
We have to find the value of interest she will earn in 1 year when the interest is not compounded.
P=300, r=5%,t=1
To find the value of interest we will use the formula of simple interest.
Simple interest,I=\(\frac{P\times r\times t}{100}\)
Substitute the values in the formula then, we get
Interest=\(\frac{300\times 5\times 1}{100}=15\)
Hence, she will earns interest in 1 year=$15
