-Why does the money in a savings account grow?

It earns interest, plus it earns interest on the interest.
A bank manager invests the money in the stock market.
The federal government matches your deposit.
You don’t pay taxes on it.

The correct answer is letter "A": It earns interest, plus it earns interest on the interest.

Explanation:

In banking, the money individuals save in their accounts is used by the financial institutions in different investment instruments being the most basic lending those sources to other individuals or institutions. Account-holders, though, benefit from the interest rate set at the moment of selecting their bank accounts. If a compounded interest rate was chosen, the account holder will get interest over the interest that the bank computes periodically.

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