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Mathematics 14 Online
OpenStudy (anonymous):

Please please help! It is DUE MIDNIGHT!!!!! 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. 5. Fill in the table showing the amount of money in the Star Bank CD account over 4 months. Months 0 1 2 3 4 Amount in CD account $500.00

OpenStudy (g33k):

Okay the way I'm working at it is 2% of 500 is 10. So every month add 10

OpenStudy (anonymous):

$10 right? So by the 4th month $540.00?

OpenStudy (g33k):

i'm not 100% sure but that's my best guess

OpenStudy (anonymous):

Ok, thank you anyways! I lost my notes on it and panicked. Lol, thanks again!

OpenStudy (g33k):

No prob :)

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