Banks will pay you interest on your money based on the interest rate. True or false?

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03-02-2021
Computers and Technology

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Banks will pay you interest on your money based on the interest rate. True or false?

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lucyehutcheson001 lucyehutcheson001 · Answer 1 · 2021-02-09T15:15:13-05:00

lucyehutcheson001 lucyehutcheson001

09-02-2021

Answer:

The bank will pay you for every dollar you keep in your savings account. The money the bank pays you is called interest. How much the bank pays can change from month to month. The amount the bank pays is talked about as a percentage.

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