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7nadin3 [17]
3 years ago
8

Monica deposits ​$300 into a savings account that pays a simple interest rate of ​%4.5. Paul deposits ​$400 into a savings accou

nt that pays a simple interest rate of ​%4.1. Monica says that she will earn more interest in 1 year because her interest rate is higher. Is she​ correct? Justify your response.
Mathematics
2 answers:
OleMash [197]3 years ago
5 0

Answer:

no

Step-by-step explanation:

because pa puts in more money making his rate higher

lys-0071 [83]3 years ago
4 0

Answer:

Monica is incorrect

Step-by-step explanation:

Monica is incorrect because Paul deposited more money into his savings account and his interest is lower which means he makes more money in interest .

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