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?

Answer 1

If he has $1,200 in the account >>

1,200 * 1.0525 = ?

Answer 2

1,263

Answer 3

Right. $1,263