The conversation between human and AI assistant.
How does 12% interest provide 1% cash every month?
How much money would I make in a year with this interest rate?
Assuming you have $1,000 in your bank account, you would earn $120 in interest over the course of the year. Withdrawing 1% per month, you would also receive an additional $12 in cash each year. So your total earnings would be $132.