Posts Tagged ‘wholesale’
Money Lock Box
June 4th, 2011 | Author: J. Howard
MONEY SAVINGS(7TH GRADE HOMEWORK) 10 points !!?
Kim is 12. she has $200 and plans to save more. She keeps it in a locked box. She knows that in the past she dipped in to buy something she wants. She has 3 choices offered by her local bank.
Choice A: Keep money in box
Choice B: Deposit into a Regular Savings Account
earn 3 % intrest per yr on savings
transaction and interest earned will be mailed
no minimum balnce or fees for students under 18
Choice C: Checking account with 200$
Checks free
No intrest earned
Can use ATM to withfraw money
IF KIM’S SAVINGS ($200) REMAIN UNTOUCHED FOR THE YEAR, WHAT IS THE TOTAL AMOUNT OF MONEY KIM WILL HAVE UNSING EACH CHOICE??
A: $______
B: $______
B: $______
A = $200
B = $200 with $6 intrest for the first year
C = $200
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Tags: business, free, money, money lock box, money lock box schylling, money lock box with slot, money lock boxes combination lock, start, wholesale | Comments Closed