Interest earned on savings is the interest rate multiplied by the balance in the account, which includes the original amount saved (principal) and previously earned interest.
Standard detail
SAV.4
Depth 1Parent ID: CA7C39484ED741E2A8EF7361225F0FEEStandard set: Grade 8
Original statement
Quick facts
- Statement code
- SAV.4
- List ID
- 4
- Standard ID
- 1D02C276F70A46F28C3CFED7A40E17BD
- Subject
- Personal Financial Education (2021)
- Grades
- 08
- Ancestor IDs
- CA7C39484ED741E2A8EF7361225F0FEE
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US