Question

why do people deposits money in the banks


State any 5 advantages​

Answer 1

Explanation:

You get interest on the money deposited. Your money is safe ina banks. ..

interesnt=p×r×r÷100

p=si×100÷t×r

r=si×100÷t×p

t=si×100÷p×t

Answer 2

Answer:

1. You get interest on the money deposited.

2. Your money is safe ina banks.

3. You can withdraw it anytime through debit card .

4. By depositing good amount of money you become an honest holder for bank account and therefore can apply for loan.

5. By depositing money in the bank ypu need not to hold cash, just a card is all you need.