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 DifferenceSection 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