People who believe money does not grow on trees have doubtlessly never tasted

the fruits of compound interest. The concept is simple: establish a savings account and
the bank will pay you interest on that money, the principal. Then that interest is added to
your account and the bank pays interest on the new, higher amount. The compound
interest becomes an escalating, never-ending cycle that works effortlessly in your favor. If
you open a savings account, you'll plant the seeds for a fruitful financial future.

How does the author's mention of money growing on trees support the message of the
passage?
It places those who do not understand compound interest in the same foolish category as fictional accounts of money growing on trees.
It explains that just as there are different types of fruit-bearing trees, there are multiple ways to ensure financial security in your life.
It highlights a similarity between fictional money trees and the ease of benefitting from the concept of compound interest.

1 answer

The correct answer is: It highlights a similarity between fictional money trees and the ease of benefiting from the concept of compound interest.
Similar Questions
  1. Multiple ChoiceWhat is the hypothesis of the given statement? If money grows in trees, then you can be rich. (1 point) Responses
    1. answers icon 1 answer
  2. Listen to the interview again and choose the correct answers.1. How do trees give us food? a. Foods like nuts and fruits grow on
    1. answers icon 1 answer
  3. Listen to the interview again and choose the correct answers.1. How do trees give us food? a. Foods like nuts and fruits grow on
    1. answers icon 1 answer
    1. answers icon 1 answer
more similar questions