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Maru [420]
4 years ago
10

Monica deposits $300 into a savings account that has a simple interest of 3.4%. Paul deposits $400 into a savings account that h

as a simple interest rate of 2.4%. Who earned more in interest and in one year?
Mathematics
1 answer:
romanna [79]4 years ago
7 0

Answer: Monica earned more interest

Step-by-step explanation:

The formula for calculating simple interest is given by :

S.I = \frac{ptr}{100}

For Monica

S.I = 300 x 3.4 x 1 / 100

S.I = $10.2

For Paul

S.1 = 400 x 2.4 x 1 / 100

S.I = $9.6

Therefore : Monica earned more interest

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Choose the graph that solve the following system x-4y=2 3x+2y=6
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3 years ago
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7.15x + 3.55y + 20 = weekly income


6 0
4 years ago
Sonya has 140 beads. how many bags of 10 beads does she need so that she will have 200 beads in all
Vikentia [17]
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