Monica deposits $300 into a savings account that pays a simple interest rate of 3.9%. Paul deposits $400 into a savings accou
1 answer:
Answer:
monica because with 3.4 % that is more than 2.3% and that is what they want to know so its monica
Step-by-step explanation:
The formula for calculating simple interest is given by :
S.I =
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
Monica's intrest rate is 1,224 and paul's is 840 so it would be monica.
(Hope this helps can I pls have brainlist (crown)☺️)
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If this answer is correct please make me as a brainlist
