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Monica deposits ​$300 into a savings account that pays a simple interest rate of 3.3​%. Paul deposits ​$400 into a savings account that pays a simple interest rate of 2.6​%. Monica says that she will earn more interest in 1 year because her interest rate is higher. Is she​ correct? Justify your response.

User Paul Nikonowicz
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1 Answer

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12 votes

Answer:

Explanation:

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User Josh Rutherford
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