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ale4655 [162]
3 years ago
8

. Critique Reasoning Monica deposits $100 into

Mathematics
1 answer:
vodomira [7]3 years ago
3 0

Answer:

The answer would be no, Monica is wrong.

Step-by-step explanation:

By using the formula for simple interest; Time ( $ x Rate) = Interest

After a year, Monica would have gotten $40.80 in interest,

Paul would have gotten $81.60 in interest.

Because Paul deposited a higher amount of money than Monica, Paul earns more interest.

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