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Monica...
Mathematics, 13.12.2020 06:00 iiomqjessica
- School: Practice & Problem Solving
Assignmer
3.6.PS-12
Question Help
Monica deposits $100 into a savings account that pays a simple interest rate of 3.8%. Paul deposits
$200 into a savings account that pays a simple interest rate of 2.7%. 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 $14.4 in 1 year while Paul will earn
in 1 year.
Answers: 3
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