Mathematics, 24.02.2021 22:40, xojade

Monica deposits $200 into a savings account that pays a simple interest rate of 4.1%. Paul deposits $300 into a savings account that pays a simple interest rate of 3.4%. Monica says that she will earn
more interest in 1 year because her interest rate is higher. Is she correct? Justify your response.
Monica will earn $ in 1 year while Paul will earn $
in 1 year

Answers: 3

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Monica deposits $200 into a savings account that pays a simple interest rate of 4.1%. Paul deposits...