Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Why does the value of money in a savings account increase overtime

Sagot :

Answer:

Because it earns interest

Step-by-step explanation:

We save money in the financial institutions like banks and micro-finance institutions. This money increase is known as interest. So the money you save increase in value over the time because it earns interest.

wilderrobertson1017

Answer:

the bank pays you interest

Step-by-step explanation:

The bank is paying you to keep your money and their storage because they give their money to other people so for that they give you like a cent or more a month based on how much money you put in annually

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.