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Gekata [30.6K]
3 years ago
15

Leah opens a savings account and deposits $250. She earns interest at a monthly rate of 0.4%. How much money will Leah have in h

er account after the first month?
Mathematics
1 answer:
PilotLPTM [1.2K]3 years ago
5 0

Answer:

$251

Step-by-step explanation:

To get this amount, we simply find o.4% of 250.

That equals 0.4/100 × 250 = 1.

This means she would have earned an interest amounting to $1 after the first month.

The total amount of money in her account after the first month = 250 + 1 = 251

Hence, she would have an amount of $251 in her account after the first month.

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I hope this helped! If you have any other questions, just ask, and I hope you have a great day! :)


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