Question

HELP!! I need it as fast as possible!! Whoever answers it first and is right gets Brainliest and 100 points!!! Help as soon as possible! (the question is in the image) A MILLION THANKS TO WHOEVER ANSWERS IT RIGHT AND TO THOSE WHO TRIED!!!

Answer 1

Investment of $3000 at 16% simple interest for 2 years

Investment of $3000 at 5% simple interest for 20 years

Investment of $1000 at 16% simple interest for 20 years

Solution:

(1) Investment of $3000 at 5% simple interest for 20 years

$\text{Simple interest}=\frac{PRT}{100}$

                        $=\frac{3000\times5\times20}{100}$

                        $=3000$

Simple interest 1 = $3000

(2) Investment of $3000 at 16% simple interest for 2 years

$\text{Simple interest}=\frac{PRT}{100}$

                        $=\frac{3000\times16\times2}{100}$

                        $=960$

Simple interest 1 = $960

(3) Investment of $1000 at 16% simple interest for 20 years

$\text{Simple interest}=\frac{PRT}{100}$

                        $=\frac{1000\times16\times20}{100}$

                        $=3200$

Simple interest 1 = $3200

Order from least interest amount to greatest interest amount:

$960 < $3000 < $3200

Investment of $3000 at 16% simple interest for 2 years

Investment of $3000 at 5% simple interest for 20 years

Investment of $1000 at 16% simple interest for 20 years