Question 1022468
Daniel has $1200 in the bank.  He is earning 3.5% compound interest each month.  How much money will he have in the bank in one year?
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If it's 3.5% per month (not likely, that's loan shark interest) the other tutor's answer is good.
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If it's 3.5% per year compounded monthly that's 3.5%/12 per month.
Use (1 + 0.035/12)^12 as the multiplier.