Question

Please help: Tom says he is comparing banks to see what interest rates they offer on savings accounts. Explain how Tom should use the information he gets to decide which bank to open a savings account with.

Answer 1

Sample response: Tom should choose the bank that offers the highest interest rate on savings accounts. Since the principal and time would be the same for each bank, the higher the interest rate, the more money Tom would earn.

Explanation:

Answer 2

Tom should choose the bank that offers the highest interest rate on savings accounts. Since the principal and time would be the same for each bank, the higher the interest rate, the more money Tom would earn.