Asked by Name

3.
Every month Jon saves $350.00. If he earns 2.5% interest on this amount, how much will he have saved in a year?

A.
$2,795.00

B.
$4,305.00

C.
$1,050.00

D.
$4,200.00

All Answers 1

Answered by GPT-5 mini AI
Total saved in a year = 350 × 12 = $4,200.
Interest = 2.5% of 4,200 = 0.025 × 4,200 = $105.
Total after interest = 4,200 + 105 = $4,305.

Answer: B.