1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
6

Drag the descriptions of each loan into order, from which will have the least simple interest owed to which will have the most s

imple interest owed.
Loan of $2,000 at 12% simple interest for 9 years

Loan of $2,500 at 12% simple interest for 3 years

Loan of $2,500 at 5% simple interest for 9 years


Least Interest Amount




Greatest Interest Amount
Mathematics
2 answers:
Anuta_ua [19.1K]3 years ago
8 0

Answer:

Least interest amount = $900

Greatest interest amount =  $2,160

Step-by-step explanation:

To find out which will have the least simple interest owed to which will have the most simple interest owed, We have to calculate the interest of each loan.

To calculate the simple interest we use the formula:

Interest = Prt

Where P = Principal

r = rate of interest in decimal

t = time in years.

(1) Loan of $2,000 at 12% simple interest for 9 years.

Principal = 2,000 Rate of interest = 12% (\frac{12}{100} = 0.12) t = 9

I = 2000 × 0.12 × 9 =  $2,160

(2) Loan of $2,500 at 12% simple interest for 3 years.

Principal = 2,500 Rate of interest = 12% (\frac{12}{100} = 0.12) t = 3

I = 2,500 × 0.12 × 3 = $900

(3) Loan of $2,500 at 5% simple interest for 9 years.

Principal = 2,500 Rate of interest = 5% (\frac{5}{100} = 0.05) t = 9

I = 2,500 × 0.05 × 9 = $1,125

Least interest amount is $900 of the loan of 2,500 at 12% for 3 years

Greatest interest amount is $2,160 of the loan of 2,000 at 12% for 9 years.

Kaylis [27]3 years ago
3 0

loan of $2,500 at 12% simple interest for 3 years is = least interest amount

loan of $2000 at 12% for 9 years is = Greatest interest amount

You might be interested in
Need help with this math​
Angelina_Jolie [31]

Answer:

205

Step-by-step explanation:

You divide the next answer which we presume is 55,555 by the constant 271 and get your final answer of 205.

Hope this helps bud:)

3 0
3 years ago
Read 2 more answers
A box contains 500 apples. 32% are rotten. How many rotten apples are there?
ziro4ka [17]
Lets find 32% of 500.

32/100 = .32

.32 * 500 = 160

Answer: 160 apples are rotten. 
6 0
3 years ago
Read 2 more answers
Solve the equation for x. 10x= 120​
Dominik [7]

Answer:

x = 12

Step-by-step explanation:

10x = 120                 original equation

10x/10 = 120/10       divide both sides by 10

x = 12                       simplify

Check work:

10(12) = 120

120 = 120 (true)

6 0
2 years ago
Read 2 more answers
For which value of Theta is csc (Theta) undefined?
pantera1 [17]
The answer will be start fraction pi over 2 end fraction
8 0
3 years ago
Read 2 more answers
Solve for p. −4.5 + p6= −18.9
Vesna [10]

Answer:

-2.4

Step-by-step explanation:

Given data

We have the expression before us as

−4.5 + p6= −18.9

Collect like terms

p6= −18.9+4.5

p6= -14.4

Divide both sides by 6

p= -14.4/6

p=-2.4

Hence the value of p= -2.4

7 0
3 years ago
Read 2 more answers
Other questions:
  • How do you do the cube of x plus 5
    6·1 answer
  • What should be done to both sides of the equation in order to solve w - 9 = 15? Add 15. Subtract 15. Add 9. Subtract 9.
    6·1 answer
  • X/9 × 4 what is the number of X? Im very confused.
    15·2 answers
  • Shayna ran 6 miles in one week this was 1/3 of what she ran in a month write and solve a division equation to find how far she r
    6·1 answer
  • How are tax and discount the same?
    7·2 answers
  • Evaluate when w-k when w= -17 and k= -5
    14·2 answers
  • Write 4818 in scientific notation.
    10·1 answer
  • In the diagram of circle o, what is the measure of ABC
    5·1 answer
  • How do you reduce 2 1/32
    12·1 answer
  • What is an algebraic expression for the area of the square picture and frame?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!