Situation 2:

You started with the same amount at 10 years old, but this time you add $100.00 a month until you turn 18 years old.

a. How much money do you have now assuming it still gets 3% interest?

b. How much money did you actually put it on?

c. How much was the interest earned?

[The same amount that stated is $500.00]

Can you state the formula that you used? Thank you very much.