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romanna [79]
3 years ago
8

If the interest rate on a savings account is 0.01%, approximately how much money do you need to keep in this account for 1 year

to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
Social Studies
1 answer:
Sonbull [250]3 years ago
4 0
If the interest rate on a savings account is 0.01%, you need $1,000 to keep in this account for 1 year to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee. Thank you for posting your question. I hope that this answer helped you. Let me know if you need more help. 
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