MATH

DANIEL HAS A MONEY MARKET ACCOUNT WITH %1,200. THE BANK OFFERED HIM A SPECIAL RATE OF 5.25% PER MONTH. HOW MUCH MONEY WILL DANIEL HAVE AFTER THE FIRST MONTH?

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asked by ROSE
  1. If he has $1,200 in the account >>

    1,200 * 1.0525 = ?

  2. 1,263

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    posted by ROSE
  3. Right. $1,263

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