Reasoning Tommy earned $14.80 in interest after 4 years on a

Last updated: 7/18/2022

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 simple interest 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.