the longer you leave money in a savings account, the more interest you will earn. true false

the longer you leave money in a savings account, the more interest you will earn. true false

the longer you leave money in a savings account, the more interest you will earn. true false

Answer

Brief Explanations:

In a savings account, interest is often calculated based on the principal amount, the interest rate, and the time the money is deposited. The formula for simple interest is (I = P\times r\times t) (where (I) is interest, (P) is principal, (r) is the annual interest rate, and (t) is the time in years). For compound - interest accounts (where interest is earned on both the principal and previously earned interest), as time (t) increases, the amount of interest also increases.

Answer:

True