How does the amount of money in your savings account grow over time?(1 point) Responses Banks who are insured through FDIC add money to your savings account each month.%C2%A0 Banks who are insured through FDIC add money to your savings account each month.%C2%A0 Money from your checking account is automatically moved into your savings account every month.%C2%A0 Money from your checking account is automatically moved into your savings account every month.%C2%A0 Money in your savings account earns a certain amount of principal each year.%C2%A0 Money in your savings account earns a certain amount of principal each year.%C2%A0 You can earn interest on the money you keep in your savings

Question

How does the amount of money in your savings account grow over time?(1 point) Responses  Banks who are insured through FDIC add money to your savings account each month.%C2%A0 Banks who are insured through FDIC add money to your savings account each month.%C2%A0  Money from your checking account is automatically moved into your savings account every month.%C2%A0 Money from your checking account is automatically moved into your savings account every month.%C2%A0  Money in your savings account earns a certain amount of principal each year.%C2%A0 Money in your savings account earns a certain amount of principal each year.%C2%A0  You can earn interest on the money you keep in your savings

GPT 3.5 · Answer

account. Over time, the interest earned on your savings account balance will increase the total amount of money in your account.