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Choose the fragment that best completes the following sentence. The more money in an account earning compound interest,

the higher the interest rate.
the lower the interest rate.
the faster the account grows.
the slower the account grows.

Respuesta :

I think the answer is, the faster the account grows because.... it kinda makes sense, it can't be any of the lower because, I'm pretty sure it's not going to lower anything... it's actually going to increase.

Hope I helped.

Answer:

The Correct option is "the faster the account grows"

Step-by-step explanation:

The rate of interest is independent of the amount of money in the account. So even if there is more money in the account earning compound interest then also there is no change in rate of interest.

However, as the money increases in the account the total interest earned on the account increases as interest earned is directly proportional to the amount of money in the account.

So, the more money in an account earning compound interest, the faster the account grows.

Hope it helps.

Thank you ..!!

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