Answer:
For Monica : Principle = $300 rate : 3.4% time 1 yr
Simple interest = Prt/100 = 300*3.4*1/100 = 1020/100= $ 10.2
For Paul : Principle = $400 rate : 2.8% time 1 yr
Simple interest = Prt/100 = 400*2.8*1/100 = 1120/100= $ 11.2
Step-by-step explanation: