Herman put some money in a 1-year CD that compounds interest monthly, and he made $28.12 in interest the first month. If the interest rate of the CD stays the same, how much will he make in interest the second month?
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Home » Mathematics » Herman put some money in a 1-year CD that compounds interest monthly, and he made $28.12 in interest the first month. If the interest rate of the CD stays the same, how much will he make in interest the second month?