Monica deposits $300 into a savings account that has a simple interest of 3.4%. paul deposits $400 into a savings account that has a simple interest rate of 2.4%. who earned more in interest and in one year?

Monica earned more interest

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

i believe that the slope of the line is -5

step-by-step explanation: