Answer:
$1556.88
Step-by-step explanation:
Since Stephanie is earning simple interest and not compound interest, we can multiply her interest rate for each month by how many months we are calculating for.
0.035 x 5 = 0.175
Then multiply that by her current balance but change the 0 in front of the 0.175 to a 1 to reduce the number of steps we have to take. (It automatically adds what is earned in interest to her current balance.)
1.175 x 1325 = 1556.875
