Answer:
If the interest rate of the CD stays the same, the interest in the second month will be more than $28.12.
Step-by-step explanation:
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, the interest in the second month will be more than $28.12.
This is because, the interest is compounded monthly and interest on interest earns more.
Every month thereafter will be a little more than the one before it.
