Economy, asked by TokaTobs, 1 month ago

Effects of Saving Interest.

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Answered by Anonymous
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Answer:

Iɴᴛᴇʀᴇꜱᴛ ʀᴀᴛᴇꜱ ᴅᴇᴛᴇʀᴍɪɴᴇ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ ᴘᴀʏᴍᴇɴᴛꜱ ᴛʜᴀᴛ ꜱᴀᴠᴇʀꜱ ᴡɪʟʟ ʀᴇᴄᴇɪᴠᴇ ᴏɴ ᴛʜᴇɪʀ ᴅᴇᴘᴏꜱɪᴛꜱ.

  • ᴀɴ ɪɴᴄʀᴇᴀꜱᴇ ɪɴ ɪɴᴛᴇʀᴇꜱᴛ ʀᴀᴛᴇꜱ ᴡɪʟʟ ᴍᴀᴋᴇ ꜱᴀᴠɪɴɢ ᴍᴏʀᴇ ᴀᴛᴛʀᴀᴄᴛɪᴠᴇ ᴀɴᴅ ꜱʜᴏᴜʟᴅ ᴇɴᴄᴏᴜʀᴀɢᴇ ꜱᴀᴠɪɴɢ.
  • ᴀ ᴄᴜᴛ ɪɴ ɪɴᴛᴇʀᴇꜱᴛ ʀᴀᴛᴇꜱ ᴡɪʟʟ ʀᴇᴅᴜᴄᴇ ᴛʜᴇ ʀᴇᴡᴀʀᴅꜱ ᴏꜰ ꜱᴀᴠɪɴɢ ᴀɴᴅ ᴡɪʟʟ ᴛᴇɴᴅ ᴛᴏ ꜱᴀᴠɪɴɢ.

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