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Question:

Roxanne deposited $300 into a savings account earning 5(1/4)% annually. What is her balance after 1 year?

A $315.75
Explaination

Interest earned in 1 year is $300 * 5(1/4)% =$15.75. The total amount of the account after 1 year is $300 + $15.75 = $315.75.