Question

Antonie has $65.72 in his saving account. After 3 months, his bank adds 1/100 of his current balance to his account in interest. What is Antonie's account balance after 3 months?

Answer 1

1/100 = 0.01 = 1%

$65.72 x 0.01 = 0.6572

0.6572 = about $0.66

$65.72 + $0.66 = $66.38