# SAT Math Question (17) - Winners and Solution

Hello Everyone! Congratulations to my last few winners of the contest! Here are the standings:

(1) @xabi - 6 Steem

(2) @doughtaker - 4 Steem

(3) @rigor - 2 Steem

(4) @happyme - 1 Steem

(5) @dayonos - 1 Steem

Great job everyone! I hope to see you next time!

### The Question

A students wants to save some money for his future, so he takes his entire life savings of $1200 and puts it into a CD. The bank offers a 2.5% annual interest rate compounded monthly for 40 years. How much is the CD worth then?

### The Solution

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rigor (56)7 years agoI'm looking forward for the next challenge.

Thankyou!

hansenator (57)7 years agoThanks rigor! Have a good day!