how can simple interest make saving money easier? a. because it is simple, you have to do fewer calculations…

how can simple interest make saving money easier? a. because it is simple, you have to do fewer calculations than if you saved money without it. b. simple interest allows your money to earn money, so you have to save less. c. you are more motivated to reach goals that you are interested in, so you are less likely to abandon your savings plan. d. a bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

how can simple interest make saving money easier? a. because it is simple, you have to do fewer calculations than if you saved money without it. b. simple interest allows your money to earn money, so you have to save less. c. you are more motivated to reach goals that you are interested in, so you are less likely to abandon your savings plan. d. a bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

Answer

Brief Explanations:

Simple interest is an additional amount of money earned on the principal amount saved. When your money earns interest, it grows over time, meaning you can reach your savings goals with a smaller initial principal amount compared to saving without interest.

Answer:

b. Simple interest allows your money to earn money, so you have to save less.