3 years ago

Why does the value of money in a savings account increase overtime

Mathematics

2 answers:

maria [59]3 years ago

7 0

Answer:

Because it earns interest

Step-by-step explanation:

We save money in the financial institutions like banks and micro-finance institutions. This money increase is known as interest. So the money you save increase in value over the time because it earns interest.

babymother [125]3 years ago

7 0

Answer:

the bank pays you interest

Step-by-step explanation:

The bank is paying you to keep your money and their storage because they give their money to other people so for that they give you like a cent or more a month based on how much money you put in annually

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Why does the value of money in a savings account increase overtime￼

Why does the value of money in a savings account increase overtime