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Mathematics, 18.12.2020 23:30 coco4937
Monica deposits $400 into a savings account that pays a simple interest rate of 4.4%. Paul
deposits $500 into a savings account that pays a simple interest rate of 3.7%. Monica says that
she will earn more interest in 1 year because her interest rate is higher. Is she correct? Justify your
response.
Monica will earn $ in 1 year while Paul will earn $ in 1 year.
Monica is incorrect.
Monica is correct.
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Answers: 3
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Monica deposits $400 into a savings account that pays a simple interest rate of 4.4%. Paul
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