contestada

John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would enable him to earn MORE interest?

Respuesta :

Here are some actions that would enable John to maximize his earning and earn more interest :

- By Selecting an account with high interest rates
Different banks usually used different interest rates. John need to carefully research it and choose the one with higher interest rate

- Leaving his money in the account for a long period of time

- Deposit a larger amount of money since the interest earning are dependent on the deposited amount

The answer is D. Compound daily