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.
It can be inferred from the text that the personal trainer take a new member through safety induction is to show the new clients how to use our cutting-edge equipment.
<h3>What is an inference?</h3>
Conclusion reached after a logical deduction and analysis have been carried out on a text based on the context and context of the text is called an inference.
<h3>What textual evidence leads to the above inference?</h3>
The text expressly states as follows:
"On your first day, our personal trainer will take you through our safety induction to show you how to use our cutting-edge equipment and discuss your medical needs"
Learn more about inferences at;
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Tri means three like in triangle a triangle has three points
Answer:
Truth is truth opinion is just opinion......
