Kids · Saving
Piggy bank vs real bank
Why money in a real bank is safer and can grow.
5 min read
Try this
Imagine you put $100 in a bank that pays $2 of interest a year. After 5 years, how much do you have? (Don't worry about being exact.)
Show suggested answer
About $110 — your $100 plus 5 years of $2. (Real banks compound, so you'd actually get a tiny bit more, but $110 is the friendly version.)
Done with this one?
Mark it complete to earn +10 XP and keep your streak alive.
Business Financials provides educational information only and does not provide financial, tax, investment, or legal advice.