mariahahaha
mariahahaha mariahahaha
  • 02-01-2021
  • Mathematics
contestada

How does saving money in an account with compound interest help protect you from inflation?

Respuesta :

snoopy72 snoopy72
  • 02-01-2021

Answer:

Inflation is caused by the increase in prices of goods, and as prices of goods rise, the value of money itself would decrease. By saving money in a savings account with interest that might be equal or more than the level of inflation, your money would increase, which protects you from the devaluation of the savings you hold and the rising prices of goods.

Answer Link

Otras preguntas

_19. Photosynthesis uses sunlight to convert water and carbon dioxide into a. oxygen and carbon. b. high-energy sugars and proteins. C. ATP and oxygen. d. oxyge
seized control of Rome and ruled it for The Germanic general named almost 15 years.
Read the short poem "I'm Not U. I'm U-nique," by Dar Wallace. Answer the question that follows: Though I appear to be only a teen, I am unlike anyone you have s
3.9+1.2 whats the answer
Erin has $52 to spend at the florist. She wants to buy a vase for $11.75 and several roses for $3.50 each. What are the possible numbers of roses Erin can buy?
PLEASE HELPASAP WILL MARK THE BRAINLEST ONLY IF U KNOW HOW TO DO IT What transformation of Figure 1 results in Figure 2.? Select from the drop-down menu to corr
Why did sophist not believe that god influenced human actions?
Can you please help me?
[tex] \frac{20}{360} \times \pi(9) {}^{2} [/tex]​
1. Solve 49 square 2. Solve 64 square