For questions 5 and 6, Samantha finds a bank, Star Bank, which 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 Samantha has $500 to start the account. She will not withdraw or deposit more money in the account for 2 years.

Fill in the table showing the amount of money in the Star Bank CD account over 4 months.

Question

For questions 5 and 6, Samantha finds a bank, Star Bank, which 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 Samantha has $500 to start the account. She will not withdraw or deposit more money in the account for 2 years.

 Fill in the table showing the amount of money in the Star Bank CD account over 4 months.

anonymous · Answer

attachment

anonymous · Answer

@imqwerty

anonymous · Answer

@AloneS

tkhunny · Answer

You should recognize this situation as a "Simple Interest" calculation.

What is 2% of $500.00?  Keep adding it.

anonymous · Answer

I got 10

anonymous · Answer

so like in one month shed earn 10.00 
in two shed earn 20.00 , in three 30.00 and in four 40.00?

anonymous · Answer

@tkhunny

tkhunny · Answer

500.00 * 0.02 = 10.00

There you go.  Now accumulate!

500 + 10 = 510
510 + 10 = ??
etc.

anonymous · Answer

510, 520, 530, 540  are my answers? @tkhunny

tkhunny · Answer

If that's how you portray picking up $10 each month, then you are done.