Your bank will pay you interest of 4% each week if you deposit at least $200 per week, and don't withdraw any money during that week. Otherwise you will be paid 2% interest. Which of the following is the most correct?

To determine which statement is most correct regarding the interest your bank will pay, let's analyze the conditions and the interest rates:

1. **Condition 1: Depositing at least $200 per week and no withdrawals during that week.**
   - Interest rate: 4% per week.

2. **Condition 2: Depositing less than $200 per week or making a withdrawal during that week.**
   - Interest rate: 2% per week.

### Correct Statements Analysis

Let's consider a few possible statements:

A. "If you deposit at least $200 per week and make no withdrawals, you will earn 4% interest that week."
   - This statement aligns with Condition 1 and is correct.

B. "If you deposit less than $200 per week, you will earn 2% interest that week, regardless of withdrawals."
   - This statement aligns with Condition 2 and is correct.

C. "If you deposit at least $200 per week but make a withdrawal, you will earn 4% interest that week."
   - This statement does not align with Condition 1 since making a withdrawal falls under Condition 2, making it incorrect.

D. "If you deposit at least $200 per week and make a withdrawal, you will earn 2% interest that week."
   - This statement aligns with Condition 2 and is correct.

E. "If you deposit less than $200 per week and make a withdrawal, you will earn 4% interest that week."
   - This statement does not align with either condition as both require a minimum deposit and no withdrawal for the higher interest, making it incorrect.

### Conclusion

Based on the conditions provided, the most correct statements are:

- Statement A: "If you deposit at least $200 per week and make no withdrawals, you will earn 4% interest that week."
- Statement D: "If you deposit at least $200 per week and make a withdrawal, you will earn 2% interest that week."

If you have any further questions or need details, feel free to ask.

Here are some related questions to expand your understanding:

1. How is interest compounded weekly calculated?
2. What are the effects of compounding interest on long-term savings?
3. How does depositing more than $200 weekly without withdrawals affect the overall interest earned?
4. How do partial week deposits or withdrawals impact the interest rate?
5. Can the interest rate change based on different banking policies?
6. What are the tax implications of earning interest on savings?
7. How does the frequency of deposits influence the total interest earned over a year?
8. What are the benefits of maintaining consistent deposits with no withdrawals?

**Tip:** Regularly depositing money without withdrawals maximizes the interest earned through compounding, which significantly boosts savings over time.

Explore how bank interest rates work based on deposit and withdrawal conditions. Learn when you earn 4% interest by depositing $200 weekly without withdrawals and when you earn 2% interest for other conditions.

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