Section 54- Special Saving Plan For each deposit, find the amount of certificate interest earned. Then find the difference between passbook and certificate interest. Write your answers on the space provided. Difference between Passbook and Certificate Interest Passbook Rate Amount Certificate Interest Amount No. Amount of Deposit Time Money is on Deposit 1 7,000 2 13,000 3 Months 6 Months Rate 5.75% 100.63 12% 390.00 3 6,000 12 Months 4 15,000 9 Months 5 12,000 3 Months 6% 5.25% 315.00 5% 562.50 9.2% 5.5% 165.00 8% 8% 11% Exercise 1: 1. X x.25 = 2. Amount of Deposit X Amount of Deposit CI Rate CI Amount PI Amount Difference x.25 = First 3 Months CI Rate CI Amount X x.25 = Second 3 Months Amount of Deposit CI Rate CI Amount + = CI Amount 1 CI Amount 2 Total Cl Amount Pl Amount Difference First 3 Months X x.25 = Amount of Deposit CI Rate CI Amount X x.25 = Second 3 Months Amount of Deposit CI Rate CI Amount X x.25 = Third 3 Months Amount of Deposit CI Rate CI Amount X x.25 = Fourth 3 Months Amount of Deposit CI Rate CI Amount + + + = CI Amount 1 Cl Amount 2 Cl Amount 3 Cl Amount 4 CI Total = PI Interest Difference