Question

Drag the descriptions of each investment into order, from which will earn the least simple interest to which will earn the most simple interest.

C Investment of $3,000 at 5% simple interest for 20 years
Investment of $1,000 at 16% simple interest for 20 years
Investment of $3,000 at 16% simple interest for 2 years

Answer 1

Answer: Third investment is the least simple interest and Second investment is the most earned simple interest.

Explanation:

Since we have given that

Investment of $3,000 at 5% simple interest for 20 years .

Simple interest would be

`(3000* 5* 20)/(100)\\\\=\$3000`

Investment of $1,000 at 16% simple interest for 20 years

Simple interest would be

`(1000* 16* 20)/(100)\\\\=\$3200`

Investment of $3,000 at 16% simple interest for 2 years.

Simple interest would be

`(3000* 16* 2)/(100)\\\\=\$960`

Hence, Third investment is the least simple interest and Second investment is the most earned simple interest.

Answer 2

Least Interest Amount to Greatest:

1)Investment of $3,000 at 16% simple interest for 2 yrs

2)Investment of $3,000 at 5% simple interest for 20 yrs

3)Investment of $1,000 at 16% simple interest for 20 yrs