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Mathematics, 09.12.2021 03:20 lillovecandy

Monica deposits $100 into a savings account that pays a simple interest rate of 4.2%. Paul deposits $200 into a savings account that pays a simple interest rate of 2.4%. 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 $100 into a savings account that pays a simple interest rate of 4.2%. Paul deposits...
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