Michael decided to take all his leftover change each month and place it into a savings account. This account earns 2% simple interest each year. The only thing Michael is putting in this account is his leftover change, which is a small amount. Should Michael keep his account since he is putting very small amounts in and earns very little interest?
A. Yes, his monthly deposits and interest will accumulate, which means the balance will grow over time.
B. No, the monthly bank fees are taking away all his deposits which leaves the account at zero.
C. Yes, the cost to close the account would cost more than what is in the account since the acc
ount balance really isn't growing.
D. No, he needs to big deposits for his account to actually grow over time.