Reasoning Tommy earned $14.80 in interest after 4 years on a principal of $100. His...
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Reasoning Tommy earned $14.80 in interest after 4 years on a principal of $100. His simple interest rate is 3.7%. Jane earned $136.80 in interest after 3 years on a principal of $1,200. Her simpleinterest rate is 3.8%. Which bank would you rather use, Tommy's or Jane's? Explain your reasoning.Which bank would you rather use?A. Jane's because her bank accepted a smaller principal.B. Jane's because her bank offers a better interest rate.C. Tommy's because his bank paid more interest.D. Tommy's because his investment took less time.
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