29. why do some accounts, like savings accounts at your local bank, earn interest? because you deposit…

29. why do some accounts, like savings accounts at your local bank, earn interest? because you deposit money, adding to your principal each month because the bank pays you to use your money because of inflation because those accounts always have great interest rates

29. why do some accounts, like savings accounts at your local bank, earn interest? because you deposit money, adding to your principal each month because the bank pays you to use your money because of inflation because those accounts always have great interest rates

Answer

Answer:

B. Because the bank pays you to use your money

Brief Explanations:

Banks use deposited funds for lending and other operations. They pay interest to account - holders as compensation for using their money. Depositing monthly isn't the main reason for earning interest. Inflation is related but not the direct cause. And not all such accounts have great interest rates.