Budgeting Interest Income
Charlene applies for NA benefits in March 2019. She states that her checking account with the credit union earns interest every three months. As requested, Charlene provides her last three bank statements.
A review of the statements verifies that an interest payment was deposited in the amount of $3.00 on December 3, 2018. There were no interest deposits in the months of January or February. To project the ongoing monthly interest income, prorate the $3.00 by the three months which it was intended to cover.
$3.00 รท 3 = $1.00.