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WILL GIVE 50 POINTS
Simple interest can be found with the formula A(t) = P(1 + rt). A is the amount in the account, P is the principal, r is the interest rate, and t is time. Ronald has $200 in a savings account that earns interest at 1% a year. Write a linear function to model the amount of money in his savings account at any time t.

Step 1. Rewrite r as a decimal.


Step 2. Substitute P and r into the simple interest formula.


Step 3. You can use the Distributive Property to rewrite the formula in slope-intercept form.
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