Herman put some money in a 1-year cd that compounds interest monthly, and he made $28.12 in interest the first month. if the interest rate of the cd stays the same, how much will he make in interest the second month?

If the interest rate of the CD stays the same, the interest in the second month will be more than $28.12.

Step-by-step explanation:

Herman put some money in a 1-year CD that compounds interest monthly, and he made $28.12 in interest the first month.

If the interest rate of the CD stays the same, the interest in the second month will be more than $28.12.

This is because, the interest is compounded monthly and interest on interest earns more.

Every month thereafter will be a little more than the one before it.

isi

step-by-step explanation:

use that smart brain

i'm not entirely sure

step-by-step explanation:

if you ask home depot or lowe's they might be able to you out