Your sister is looking for a way to increase the amount of interest she is earning on her savings account. What should she do?

A. Deposit money into her savings account each month
B. Use the money from her savings account to open a checking account instead
C. Switch to a savings account with a lower interest rate
D. Make monthly withdrawals from her savings account

Respuesta :

I would say a but I’m not 100% sure lol

Answer:

A. Deposit money into her savings account each month

Explanation:

Savings accounts pay an interest rate on the amount you have. So, a way to increase the amount of interest you are earning on a savings account is to deposit money into the savings account each month as you will be increasing the total balance in the account which means that the amount of interest will be higher.

The other options are not correct because use the money from the savings account to open a checking account instead and make monthly withdrawals from the savings account will decrease the money in the account and the interest will be lower. Also, switch to a savings account with a lower interest rate is not a good option because as the interest rate is less, the amount you receive will be lower with same sum.

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