Answer:
Paul earned $2.6 more interest than Monica.
Step-by-step explanation:
Giving the following information:
Monica:
Initial investment= $300
Interest rate= 4.2%
Paul:
Initial investment= $400
Interest rate= 3.8%
<u>To calculate the income earned, we need to use the following formula:</u>
I= P*r*t
P= principal
r= interest rate
t= time
Monica:
I= 300*0.042*1= $12.6
Paul:
I= 400*0.038*1= $15.2
Paul earned $2.6 more interest than Monica.
B would be the correct answer, I believe.
y=-1x+4
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hope it helps
sorry I had no idea how to explain
Answer:
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