Khalil has $$ \$ 300 $$ in a savings account that earns $$ 2 \% $$ annually. The interest is not compounded. How much interest will he earn in 2 years? Use the formula $$ i=p r t $$, 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.

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To calculate the interest Khalil will earn in 2 years using the simple interest formula:

$$
i = p \times r \times t
$$

**Where:**
- $$ i $$ = Interest earned
- $$ p $$ = Principal amount (\$300)
- $$ r $$ = Annual interest rate (expressed as a decimal) = $$ 2\% = 0.02 $$
- $$ t $$ = Time in years (2 years)

**Step-by-Step Calculation:**

1. **Convert the Interest Rate to Decimal:**
   $$
   2\% = \frac{2}{100} = 0.02
   $$

2. **Plug the Values into the Formula:**
   $$
   i = 300 \times 0.02 \times 2
   $$

3. **Perform the Multiplication:**
   $$
   i = 300 \times 0.02 = 6
   $$
   $$
   i = 6 \times 2 = 12
   $$

**Final Answer:**
Khalil will earn **\$12** in interest over 2 years.
Khalil will earn \$12 in interest over 2 years.

Khalil has in a savings account that earns annually. The interest is not
compounded. How much interest will he earn in 2 years?
Use the formula , where is the interest earned, is the principal (starting amount),
is the interest rate expressed as a decimal, and is the time in years.

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Khalil has in a savings account that earns annually. The interest is not compounded. How much interest will he earn in 2 years? Use the formula , where is the interest earned, is the principal (starting amount), is the interest rate expressed as a decimal, and is the time in years.