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Mathematics, 03.11.2021 14:00 triggernugget05

Monica deposits $300 into a savings account that pays a simple interest rate of 3.9%. Paul deposits $400 into a savings account that pays a simple interest rate of 3.6%. 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 $300 into a savings account that pays a simple interest rate of 3.9%. Paul deposits...

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