Laura deposits $3,000 in an account that has an annual interest rate of 3.96%, compounded monthly. How much interest will she earn at the end of 1 month?​ show work​

3009.9

Step-by-step explanation:

so we know that 3.96% is yearly. if it is compounded monthly. We have to split 3.96% into 12 months. This makes 0.33% per month. Now we just need to do 100.33% of 3000 to get 3009.9. Hope this helped :)

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300