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If you have money in a savings account, you will do better if the bank pays you ___________., a. simple interest, b. compound interest, c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters, d. the question cannot be answered because banks rarely pay compound interest on savings accounts

the answer c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters. is the wrong answer

1 Answer

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Answer:

compound interest

Step-by-step explanation:

This is when you earn interest on both money you've saved and the interest you earn.

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