If you place $1000 in a savings account with an interest rate of 5.25% a month how much should you earn an interest at the end of the month?

1000 * 0.0525 = ?

If you place $1,000.00 in a savigs account with an interest rate of 5.25% month, how much should you earn in interest at the end of the month?

To calculate the interest earned at the end of the month, you would use the formula:

Interest = Principal * Rate

In this case, the principal (the initial amount you deposit) is $1000 and the interest rate is 5.25%.

To convert the interest rate from an annual rate to a monthly rate, you divide it by 12. So the monthly interest rate is 5.25% / 12 = 0.4375%.

Now, you can calculate the interest earned:
Interest = $1000 * 0.4375% = $4.375

Therefore, you should earn $4.375 in interest at the end of the month.

To determine the interest earned at the end of the month, you can use the formula:

Interest = Principal x Interest Rate

In this case, the Principal is $1000, and the Interest Rate is 5.25% (which needs to be converted to a decimal by dividing it by 100). Let's calculate the interest:

Interest = $1000 x (5.25 / 100)

To make the calculation easier, we divide 5.25 by 100 first:

Interest = $1000 x 0.0525

Now, you can multiply $1000 by 0.0525:

Interest = $52.50

Therefore, you should earn $52.50 in interest at the end of the month if you place $1000 in a savings account with an interest rate of 5.25%.