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.
<span>A. Robert Burns wrote the poem "A Red, Red Rose." </span>
Answer:
Being free from discrimination and injustice is liberating, happy, comfortable and safe.
Explanation:
Being free from discrimination and injustice is very comfortable and progressive for anyone's life. Individuals who have this privilege have great happiness, peace and security. Although these feelings are not wrong, it is necessary that they be used to seek the freedom from discrimination and injustice that other people suffer so that everyone can feel that same feeling and, thus, the world can become a happier and more pleasant place for all. people.
