Answer:
When it comes to savings, a higher interest rate is the name of the game. It means a better return on your money. The interest rate is what the bank will pay you for the privilege of keeping your money.
Explanation:
For example, it’s not uncommon to get a .01% interest rate on a traditional savings or checking account, while interest rates on high-yield savings accounts can range anywhere from 1% to 1.35%. Here’s how that difference plays out in real life based on a balance of $10,000 after one year, assuming no additional deposits.
Type of savings account /Interest rate/ Balance after one year (based on
monthly compounding)
High-yield savings account/ 1.35% / $10,135.84
Traditional savings account/ .01% / $10,001
That’s a difference of about $135 a year — nothing to scoff at — but that gap starts to widen the minute you make monthly deposits to boost your savings.
For example, if you made $100 monthly deposits — the equivalent of $1,200 a year — your year-end monthly balance on the low-interest savings account would be $11,201.06, compared to $11,343.29 with a high-yield savings account. Over time, this adds up.
“The sun is another big star” said the little boy
A Pun means playing with words that sound alike or have more than one meaning. Therefore, 'single' and 'sole' are used as puns in these lines. A pun adds a comedic effect and a sense of irony to the passage. Sometimes it also creates a mockery effect in the passage.
<h3>What is a Pun?</h3>
A Pun means to use the meaning of the words interchangeably to crack a joke or to make a satire.
William Shakespeare has used single and sole as a Pun here. Mercutio is saying that Romeo has cracked a silly joke, the fine skin of the pump (shoes) is all worn out, and the joke is the only thing he is left with. This has created a sense of humor and comedic effect in the passage.
Therefore, 'single' and 'sole' are used as puns in the passage which are creating a humorous effect in the passage.
Learn more about 'pun', here,
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