Question

Arrange the following interest rates in ascending order: 3.4%, 3.039%,3 3/16%,3.499%,3 1/2%

Answer 1

3.039%, 3-3/16%, 3.4%, 3.499% , 3-1/2%

Answer 2

3.039% <
`3(3)/(16)`% < 3.4% < 3.499% <
`3(1)/(2)`%

Explanation:

We have to arrange the following interest rates in ascending order.

3.4%, 3.039%,
`3(3)/(16)`%, 3.499%,
`3(1)/(2)`%

First we have to convert these value in to fraction then into decimal value.

3.4% =
`(3.4)/(100)` = 0.034

3.039% =
`(3.039)/(100)` = 0.03039

`3(3)/(16)`% =
`(51)/(16)`% =
`(3.1875)/(100)` = 0.031875

3.499% =
`(3.499)/(100)` = 0.03499

`3(1)/(2)`% =
`(7)/(2)`% =
`(3.5)/(100)` = 0.035

Now we will arrange these decimal numbers in to ascending order.

0.03039 < 0.031875 < 0.034 < 0.03499 < 0.035

Therefore the interest rates in ascending order would be

3.039% <
`3(3)/(16)`% < 3.4% < 3.499% <
`3(1)/(2)`%