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Which of the following is an example of earning interest?

A. None of these
B. Kylie has to pay an additional 10% towards her credit debt each month
C. Bill receives an automatic deposit in his checking account from his employer
D. Jenna puts $100 in a savings account in 2016 and sees a 3% increase to her account without depositing additional money

Sagot :

Jenna puts $100 in a savings account in 2016 and sees a 3% increase in her account without depositing additional money is an example of earning interest.

The interest rate that investment is earning for you is known as earned interest. For instance, if you invest $1,000 in an investment that yields 10% annually, your interest earnings for that year will be 10%, or $100.

A sum that a business receives from interest-bearing bank accounts or other investments. In the accounting period in which the interest is earned, the sum should be recorded as Interest Revenues, Interest Income, or Investment Revenues.

Learn more about earning interest here:

https://brainly.com/question/4407546

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