Question

Fan and medal

5. Annie finds another bank, Star Bank, that offers a CD account with a 2% interest rate every month. Star Bank’s interest is not compounded. The interest is based on the original amount of deposit. Remember that Annie has $500 to start the account. She will not withdraw or deposit more money in the account for 2 years.

what is the amount of money the amount of money in the Star Bank CD account over 4 months?

Answer 1

@sleepyjess

Answer 2

@freckles @confluxepic

Answer 3

im on it

Answer 4

240$ will be at the end of the month

Answer 5

240 extra that is :P or i guess in total it will be 740