why is a higher interest rate important when saving money
(A) it pays interest on principal and interest
(B) it means a person will owe the bank less over time
(C) it grows savings at a faster pace
(D) it requires a lower amount be deposited each month

Answers

Answer 1

Answer:

C.

Explanation:

I believe it is C. because I'm pretty sure its talking about the interest which is where you receive some money from the bank for keeping you money there or whatnot.

Answer 2

The correct option is (C). it grows savings at a faster pace is a higher interest rate important when saving money.

A higher interest rate means that the saver will earn more interest on their savings, which will grow their savings at a faster pace.

Option (A) is incorrect because interest is only paid on principal, not on interest.

Option (B) is incorrect because a higher interest rate will not mean that a person will owe the bank less over time.

Option (D) is incorrect because a higher interest rate does not require a lower amount to be deposited each month.

Here is an example to illustrate this point. Let's say you have $1,000 in a savings account with an interest rate of 1%. After one year, you will have earned $10 in interest.

If the interest rate on your savings account were 2%, you would have earned $20 in interest after one year. Therefore, a higher interest rate will help your savings grow at a faster pace.

A higher interest rate will help your savings grow at a faster pace because you will earn more interest on your savings.

Learn more about interest,here:

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Related Questions

Define the term Sole Proprietorship:

Answers

Answer:

juhfd jdioweaq judejkO{kiE-O9 RNH

Explanation:

LOL LOO

Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.

Name:
Video #1
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Video #2

1. What is the job title?

2. Where do people with this career go to work?


3. What education do you need for this career?


4. Why did you choose this career?


Video #3
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Answers

Where are the links to the videos?
What’s the video? And do you need help with all questions?

In what three ways does the government affect production of goods and services in the US economy?

Answers

Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services

PLS HELP WILL GIVE BRAINLIEST!!!!

The right to own a business is referred to as the right ___.
of free enterprise
of private property
of competition
of freedom of choice
to earn a profit

Answers

Of free enterprise

Explanation:

Of free Enterprise

an economic system in which private business operates in competition and largely free of state control.

what's an economy? how does it work?

Answers

What is an economy:

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

How does it work:

The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.

Hope this helps :)

3. Who was the first customer of mcdonald's and what was ordered?

Answers

Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

The particular market segment your company is trying to sell your products or services to is your?

Answers

Answer:

Target market

Explanation:

Target market refers to the potential or existing customers that a business intends to sell its products or services. The target group is the group of people that a firm focuses on when creating its advertising messages.

A business identifies its target group through market research. The firm surveys the market to identify groups of people who are highly likely to buy its products and services.

Answer:

D

Explanation:

got it right on Edge

Please help me, I suck at this class ToT

Control over what two areas of manufacturing are the basis for a growing economy and a condition for becoming a world power?

A. copyrights and patents
B. technology and equipment
C. imports and exports
D. wages and benefits

Answers

Answer:

a

Explanation:

You borrow $50 for 1 year at 5% interest rate. What is the interest owed?

Answers

Answer:

i think it would be 100 dollars

Explanation:

you mulitpy original by 5 which comes out to 100

Manual transmissions are being discussed. Technician A says that if it requires gear oil, to always use GL-5 rated oil to protect the synchronizers. Technician B says that if it requires engine oil that you should add a friction modifier to it. Who is correct? A. Technician A B. Technician B C. Both Technician A and B D. Neither Technician A or B

Answers

Answer:

The correct Technician is;

Technician B

Explanation:

API GL-5 gear oils does not meet transmission oil specifications as an API GL-5 oil can produce up to 400% the amount of copper observed when used oil is carried out than GL=4 gear pols, such that the synchronizers in transmission having synchromesh are made ineffective due to wear

Friction modifiers changes the amount of friction between transmission components and engine components.

When friction modifier are added to engine oil used in manual transmission,  it reduces the friction by modifying the friction coefficient of surfaces in contact and moving in relation to each other such that wear is reduced

Modern manual transmission engines require more protection than the manual transmission of older car engines which includes the presence of friction modifiers

Therefore, only Technician B is correct.

No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check

Answers

Answer:

prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?

Explanation:

At the moment there is no way to bring back a frozen person to life. The reason for that is because we still don’t know how and we don’t have the right equipment to bring them back.

The global stock market is often volatile. if your entire investment portfolio loss 10% of it's value in a month during a market decline, what would you do?
A. Sell all of your investment
B. Sell some
C. Keep all / Buy more​

Answers

Answer:

B sell some

Explanation:

in a scenario where it is dropping, it doesn't mean it won't come back up. So you would sell some but keep a few so if it went up you still make profit

Based on the provided information, what i would do in this case is that i will sell some of the investment.

According to the question, we are to discuss about selling if investment in a case global stock market is often volatile and my entire investment portfolio loss 10% of it's value in a month.

As a result of this i will sell some of the investment, then keep some because the global market can still rise.

Therefore, option B is correct because, global market can still rise.

Learn more about global stock market at;

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Subject: Accounting
Please answerr

On 1 May Sally owed William $400. On 21 May she purchased goods, list price $1440, subject to a trade discount of 25%. She returned one third of these goods on 24 May.How much did Sally owe William on 31 May? Include working.
A $630 B $720 C $1030 D$1120


Answers

Answer:

D) $1120

Explanation:

The goods Sally purchase were $1440, and with the 25% discount, she would have paid $1080, because 25% of $1440 is $360. Since she returned 1/3, she would have only spent $720, because $1080/3 is also $360. $720+$400 from the beginning would be $1120

Answer:

l believe the answer is a

on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right

Answers

Answer:

Right; Right

Explanation:

.

Why research proposal often gets rejected?
Give me at least 5 reason why?

Answers

cheating sneaking trust grown enough men and women

Language is the most complex challenge global marketers face.

True
False

Answers

Answer: False

Explanation:

If I decide to tax students for tissues, charging 25 cents per tissue, this wax would be considered "fair" based on which principle of fairness?

a. benefits-received principle
b. willingness-to-spend principle
c. cost-incurred principle
d. ability-to-pay principle

Answers

A ‘ososoln ski ski ski 473

List 2 ways in which constellations are used.

Answers

In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.

Answer:

1) To find Stars

2) To tell the date.

Explanation:

1) Constiltions can be used to find stars. For example if you are looking for a speific star, constilations could help you find them. Some of the most  recognized constilatitons are Orion, Ursa Major/minor , and Scorpius.

2) Of course now days, we have calenders to keep track of the days. But in the past, people would use the stars to help the figure out the day, especially in ancient times. Now we have so much technology, that using the stars to treack the days, arent necesary, but in ancient times, it helped people figure out when they could plat their crops.

Select the correct answer from each drop-down menu.
Which action should Angela take before starting her business?
Angela plans to start a small business. She needs to invest some money for her company's start-up capital. She has asked her friends for
advice. Her friends have suggested that she should create a website for the business
before
Reset
Next

Answers

Answer:

The answer is before.

Explanation:

She should create a website before investing

A company holiday party is an example of a(n)
GER

Answers

Answer:

ispirational for your company party poll

Explanation:

What will you need to find for your life when you begin working?

Money

Balance

Time

Energy

Answers

Balance - need to understand when enough is enough.

Answer:

Balance is key

Explanation:

In order to start a successful company, it is important to rely on other people to do all the work for you. True False​

Answers

Answer:

False!

It's best to have people to rely on, but also do the work yourself!

Answer:

Mama... False

Explanation:

False Joe mama

The purchasing power of peoples' income is most affected by what?
a.The rate of inflation
b.The trade deficit
c.The balance of payments
d.The value of foreign currency

Answers

Answer:

a.The rate of inflation

Explanation:

Inflation means rise in the consumer price index i.e. the weighted average of prices belong to the different kinds of goods. It could be measured by taking the difference of CPI and dividing it by the previous year CPI

The rate of inflation would be most impacted to the purchasing power of people income

Therefore the option a is correct

Please help me, I'm in a test. Which of the following is an example of an activity in the follow-up stage of personal selling?
A. Helping a prospect arrive at a purchase decision
B. Making it easy to reorder supplies
C. Treating a prospect's concerns as a natural part of the decision process
D. Trying to meet a prospect's conditions

Answers

Answer:

B Making it easy to reorder supplies

Explanation:

An example of the activity in the follow-up stage of personal selling is through making it easy to reorder the supplies. Thus option B is correct.

Waht is perosnal selling ?

Personal selling is called as the face to face selling and includes the one person who is the salesman and tries to convince the customer to buy the product through his skills and abilities.

The aim of personal selling is to make a profit and to initiate a sale and there generate revenue.

Find out more information about the personal selling

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am I right or nah? lmk​

Answers

Answer:I think you are right!Have a great day!! ♥︎


Question :Which statement best describes displacement? Check all that apply


Answer:2 , 3 5

Answers

Answer:

2

Explanation:

thats my guess

am I correct? if not lmk the answer please​

Answers

A focus group is a common qualitative research technique used by companies for marketing purposes. It typically consists of a small number of participants, usually about six to 12, from within a company's target market. So yes your right

started business with cash Rs 100000 and furniture Rs 50000​

Answers

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000

how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
Multiple Choice
- Decisions are usually made by individuals
- Most purchases are made at “list price” with cash or credit cards.
- There are a limited number of large buyers, often geographically concentrated in a specific area.
- Demand is based on consumer needs and preferences.
- Buyers engage in limited term or one-time-only relationships with many different sellers.

Answers

Answer:

There are limited number of large buyers, often geographically

Explanation:

Other Questions
1.)Mis personajes favoritos ________ unos vestuarios encantadores todos los das.usbamosusabanusabaisusabas2.) Qu ________ tu hermano y t? leas leamos lean lea3.) La princesa ________ en un castillo muy lejano.estabais estabaestabasestaban4.) El rey ________ un mejor vestuario.queraqueranqueras queramos5.) Hola, amigos! Yo soy Brbara y soy cubana. Cuando tena cinco aos, yo lea el cuento de hadas con mis padres. En el cuento de hadas, mi personaje favorito era el prncipe encantador que se montaba en un caballo y buscaba a la princesa que viva en la torre de un castillo muy lejano.Who is Brbaras favorite character? El rey La reinaEl prncipeLa princesa6.) Hola, amigos! Yo soy Brbara y soy cubana. Cuando tena cinco aos, yo lea el cuento de hadas con mis padres. En el cuento de hadas, mi personaje favorito era el prncipe encantador que se montaba en un caballo y buscaba a la princesa que viva en la torre de un castillo muy lejano.After riding the horse, what did the prince used to do? vivaquera leabuscaba7.) Haba una vez una princesa bellsima con el pelo largusimo. Ella viva en un castillo grandsimo. Pero una bruja malsima quera el pelo largusimo de la princesa. La bruja captur a la princesa bellsima, pero un prncipe guapsimo la rescat.What superlative adjective is used to describe the castle?LargusimoGrandsimo AltsimoBellsimo8.) Haba una vez una princesa bellsima con el pelo largusimo. Ella viva en un castillo grandsimo. Pero una bruja malsima quera el pelo largusimo de la princesa. La bruja captur a la princesa bellsima, pero un prncipe guapsimo la rescat.Pero una bruja malsima ________ el pelo largusimo de la princesa. lea buscabaqueraviva On June 30, Joanna Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $38,000; at retail $50,000; net sales $40,000; and ending inventory at retail $10,000. Compute the estimated cost of the ending inventory using the retail inventory method. The estimated cost of the ending inventory It takes Josephine 60 minutes to walk 7 1/2 blocks.At This Rate How Many Blocks Can He Walk In 4 Hours. using complete sentences, describe the characteristics of the tropical wet and dry climate regions location in south asia. identify the two types of ecosystems found in this climate region and at least one plant and animal from each. x is a whole numberWrite down the smallest value of x that satisfies 3x > x + 7 PLEASE HELP!! Ive been stuck on this problem for a while!!!!!!!!!! 4. State the number of positive real zeros for the polynomialf(x) = x3 + 4x2 + x + 5.A. 1B. 0C. 3D. 2 Find the area of the shape below giving your answer to 1 decimal place. What is the equivalent expression for 4(2b+3c? The gene for nose shape is found on the X chromosome. Round nose is dominant to pointed nose. Human individuals with XXY (an additional X chromosome) are designated male. Individuals with XO (only one X chromosome) are designated female. Identify the possible nondisjunction events (rare mistakes during meiosis) that could explain the phenotype of the offspring. An XY parent with a round nose and a XX parent with a round nose have an offspring with Klinefelter Syndrome (genotype XXY) with a pointed nose. anyone that's good at math please help What are the consequences of not having tall trees in the Great Plains? PLEASE HELP!! Marcus is 14 years younger than twice Kimi's age. Marcus is 8 years old. How old is Kimi? Which of the points best represents the location of5on the number line?8ABD+-2-102C ODOAB Your car can drive 300 miles on a tank of 11 gallons. Your car getsto the hundredths place.mpg. Round What does it mean to be Anorexic? Use in your own words. what is the answer? A B C D I need quotes that are Romeo and Juliet based that are cute Solve for y: 5y = 9 1/2 Please I need thisI will give Brainliest