. Critique Reasoning Monica deposits $100 into a savings account that pays a simple interest
rate of 3.4%. Paul deposits $200 into a savings
account that pays a simple interest rate of 2.2%.
Monica says that she will earn more interest in
one year because her interest rate is higher. Do
you agree? Justify your response.

The answer would be no, Monica is wrong.

Step-by-step explanation:

By using the formula for simple interest; Time ( $ x Rate) = Interest

After a year, Monica would have gotten $40.80 in interest,

Paul would have gotten $81.60 in interest.

Because Paul deposited a higher amount of money than Monica, Paul earns more interest.

step-by-step explanation: