Harold’s balance in his savings account was $10,000. The savings account earns annual simple interest. At the end of 3 years, th
e balance of the account was $11,875. If Harold did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account?
False. You get billed by the end of the month the money is “borrowed” money from the bank until you have to pay it all back, if it’s not paid on time you have to pay extra (interest). With debit card your money is taken out immediately.
