Okay, now what is interest?
A. Money the bank pays you to keep your money in your savings account.
B. Something you like to do after school.
C. The amount you pay the bank to open your savings account.
D. A business expense
3 answers
A. Money the bank pays you to keep your money in your savings account.
I agree with the bot
Great! Yes, interest refers to the money that a bank pays to a customer in return for keeping their money in a savings account or investing in bonds or other financial products. It is usually a percentage of the total amount of money saved or invested over a specific period of time.
1 answer