1. By: Angel Acevedo

2.  Diana earned $550 in cash gifts at her quinceanera. She decides to deposit the money in a savings account and leave it there for 1 year. Bank of America offers an annual interest rate of 4%. Citibank offers a 6 month interest rate of 2%. Harris bank offers a 3month interest rate of $1. Since Diana wants to earn the most interest possible, does it matter which bank she chooses? Which bank will pay the most after a year?*Do not round until your final answer- then round to the nearest cent.*

3.  Diana earned $550 in cash gifts at her quinceanera  Bank of America offers an annual interest rate of 4%.  Citibank offers a 6 month interest rate of 2%.  Harris bank offers a 3month interest rate of $1.  Do not round until your final answer-then round to the nearest cent.*

4. Bank Of America 550(1-.04)=550(.96) =528 Citibank 550(1-.02)=550(.98)=539 539(.98)=528.22 Harris Bank 550(1-.01)=550(.99)=544.5 544.5(.99)=539.055 539.055(.99)=533.66445 533.66445(.99)=528.3278055=528.33

5. Years0years1year Interest$550$528 years0months6months12months interest$550$539$528.22 Years0months3months6months9months12months Interest$550544.5539.055533.6445528.33 Bank Of America Citibank Harris Bank

6.  Harris Bank will pay the most after 1year.

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