Thursday, December 3, 2009

Bank of Ridgecrest

The Bank of Ridgecrest is now open and taking deposits of Rocket Rewards. The Bank of Ridgecrest offers 5% interest compounded monthly. Today in class we went over how multiplying decimals and compounding interest affects the amount of money you have. Can you say in your own words how bank interest and compounding interest works?

KF

2 comments:

  1. the way bank interst works is by depositing money and have it in your bank.but some banks carge for using a credit card and the they don't charge for using a depit card. well to tell you the truth i really didn't understand what you were talking about. but i tried


    leilani chavez ms.riegner

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  2. the bank of ridge crest have a wonderful bank,the bank works by give the R.R (rocket reward)to the teacher each Friday.i am got like $52 in my bank but one of my friend got $184,i know it is many right but you can get r r by tucking in your shirt,being not rude, follow direction,etc.......that is why you could get a lot of rewards for being like that

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