question 1 / 10\nyour sister is looking for a way to increase the amount of interest she is earning on her…

question 1 / 10\nyour sister is looking for a way to increase the amount of interest she is earning on her savings account. what should she do?\na. make monthly withdrawals from her savings account.\nb. switch to a savings account with a lower interest rate.\nc. use the money from her savings account to open a checking account instead.\nd. deposit money into her savings account each month.

question 1 / 10\nyour sister is looking for a way to increase the amount of interest she is earning on her savings account. what should she do?\na. make monthly withdrawals from her savings account.\nb. switch to a savings account with a lower interest rate.\nc. use the money from her savings account to open a checking account instead.\nd. deposit money into her savings account each month.

Answer

Brief Explanations:

Interest on a savings account is calculated based on the principal amount. Depositing more money increases the principal, thus increasing the interest earned. Withdrawals (A), switching to a lower - rate account (B), or moving money to a checking account (C) will not increase interest.

Answer:

D. Deposit money into her savings account each month.