To calculate the amount of money Daniel will have after the first month, we need to add the interest earned to the initial amount.
Interest earned = $1,200 x 5.25% = $1,200 x 0.0525 = $63
After one month, Daniel will have:
$1,200 + $63 = $1,263
Therefore, Daniel will have $1,263 after the first month in his money market account.
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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