QuestionJune 24, 2025

A savings account has __ A Variable interest, meaning the rate can change at any time. B rates depending on the time of year they were deposited. Variable interest, meaning chunks of money in the account have different Set interest, meaning the rate is locked in once you open the account. D Set interest, meaning the rate only changes if you submit a request to change it.

A savings account has __ A Variable interest, meaning the rate can change at any time. B rates depending on the time of year they were deposited. Variable interest, meaning chunks of money in the account have different Set interest, meaning the rate is locked in once you open the account. D Set interest, meaning the rate only changes if you submit a request to change it.
A savings account has __
A Variable interest, meaning the rate can change at any time.
B
rates depending on the time of year they were deposited.
Variable interest, meaning chunks of money in the account have different
Set interest, meaning the rate is locked in once you open the account.
D
Set interest, meaning the rate only changes if you submit a request to
change it.

Solution
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Answer

Set interest, meaning the rate is locked in once you open the account. Explanation 1. Identify the correct definition Analyze each option to determine which accurately describes a savings account with set interest. - **Variable interest**: Rate changes at any time or varies based on deposit timing. - **Set interest**: Rate is fixed once the account is opened, unless requested otherwise.

Explanation

1. Identify the correct definition<br /> Analyze each option to determine which accurately describes a savings account with set interest.<br /><br />- **Variable interest**: Rate changes at any time or varies based on deposit timing.<br />- **Set interest**: Rate is fixed once the account is opened, unless requested otherwise.
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