Mathematics, 16.12.2020 20:30 mrskhg3395

Monica deposits $400 into a savings account that pays a simple interest rate of 3.7%. Paul deposits $500 into a savings account that pays a simple interest rate of 3.5%. Monica says that she will earn
more interest in 1 year because her interest rate is higher. Is she correct? Justify your response.

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Monica deposits $400 into a savings account that pays a simple interest rate of 3.7%. Paul deposits...