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?
1 answer:
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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