Rohan has $100.00 that he wants to save in a bank.

Answer 1

He decides to open a savings account with a local bank and deposits the $100.00 into the account. Over time, he continues to deposit more money into the account, adding to his savings and watching it grow. By regularly depositing money into his savings account, Rohan is able to save for future expenses or goals, such as buying a car, going on a vacation, or building an emergency fund. Saving money in a bank account is a smart way to keep it safe and earn interest on it over time. Rohan's decision to save in a bank will help him achieve his financial goals and provide security for unexpected expenses.