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3 years ago

Please help. Is algebra. PLEASE HELP NO LINKS OR FILES. I don't want links.

Mathematics

1 answer:

Naddika [18.5K]3 years ago

5 0

Answer:

points srry

Step-by-step explanation:

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Monica deposits $400 into a savings account that pays a simple interest rate of 4.4%. Paul deposits $500 into a savings accou

DIA [1.3K]

Answer:

From the above calculation it is clear that The interest earn by Monica is less than the The interest earn by Paul , so Monica is wrong

Step-by-step explanation:

Given as :

The principal amount deposited by Monica in account = $ 400

The rate of interest = 4.4 % at simple interest

The time period = 1 years

Let The interest earn by Monica = $ x

<u>From simple interest </u>

Simple Interest = $\dfrac{\textrm principal\times \textrm rate\times \textrm time}{100}$

Or, $ x = $\dfrac{\textrm $ 400\times \textrm 4.4\times \textrm 1}{100}$

Or, x = $ 17.6

So, The interest earn by Monica = x = $ 17.6

Again

The principal amount deposited by Paul in account = $ 500

The rate of interest = 3.6 % at simple interest

The time period = 1 years

Let The interest earn by Paul = $ y

<u>From simple interest </u>

Simple Interest = $\dfrac{\textrm principal\times \textrm rate\times \textrm time}{100}$

Or, $ y = $\dfrac{\textrm $ 500\times \textrm 3.6\times \textrm 1}{100}$

Or, y = $ 18

So, The interest earn by Paul = y = $ 18

∴ As The interest earn by Paul $>$ The interest earn by Monica

Hence from the above calculation it is clear that The interest earn by Monica is less than the The interest earn by Paul , so Monica is wrong Answer

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Step-by-step explanation:

im lazy

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