Meghan's bank pays 10% a year interest on the previous year's balance. For the first year, Meghan had $6,000.00 on deposit at the bank. If each year Meghan does not withdraw any money, finish filling in the following to see how much money Meghan will end up with after 4 years. Multiply each year's beginning balance by the interest rate and then calculate the new total balance (Total X 10% or .10). Round each calculation to the nearest penny.
Beginning Balance $6,000.00
Interest earned in Year 1 $ _______________ TOTAL $ _______________
Interest earned in Year 2 $ _______________ TOTAL $ _______________
Interest earned in Year 3 $ _______________ TOTAL $ _______________
Interest earned in Year 4 $ _______________ TOTAL $ _______________
