Question

Monica deposits $100 into a savings account that pays a simple interest rate of 4.5%, Paul

deposits $200 into a savings account that pays a simple interest rate of 3.2%. Monica says that
she will earn more interest in 1 year because her interest rate is higher. Is she correct? Justify your
response.

Answer 1

Yes she is correct!

Hope this helps!

Answer 2

yes she is correct

Explanation:

because in 1 year it will go up 4.5%