Asked by ROSE

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?
Answered by Ms. Sue
If he has $1,200 in the account >>

1,200 * 1.0525 = ?

Answered by ROSE
1,263
Answered by Ms. Sue
Right. $1,263

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