Question

Kelly Puts $350 in a savings account. The savings account Pinale

accrues interest at a flat rate of 1.05% a month. How much will
the account be worth in 7 months?

Answer 1

Answer: $375.725

Explanation:

A=$350*1.05%*7 month

350* 0.0105*7= 25.725 will be the interest by 7 month

Add to the amount in the account

350+25.725= $ 375.725