Question

How can simple interest make saving money easier?

Answer 1

Answer: B

Step-by-step explanation:

How can simple interest make saving money easier?

a.

Because it is simple, you have to do fewer calculations than if you saved money without it.

b.

Simple interest allows your money to earn money, so you have to save less.

c.

You are more motivated to reach goals that you are interested in, so you are less likely to abandon your savings plan.

d.

A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

Answer 2

Answer:

Your answer is b