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Jen Dodson deposits $372 in a savings account that pays an annual interest rate of 5.25%. If she makes no other deposits, how much will she have after 3 months?​

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StormRider948

Answer:

Your answer would be $376.88

Step-by-step explanation:

Easiest way to explain would be to take 5.25 and divide it by 12. That gives you 0.4375

Take 0.4375 and multiply by 3 for 1.3125

1.3125% of 372 = 4.8825

4.8825 + 372 = 376.8825 or $376.88

Hope this helped! - Zac

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