Answer:
The last investment (C) has the least interest of $600
The other two investments (A and B) have the <u>same</u> amount of interest of $1800.
Step-by-step explanation:
<u>Simple Interest Formula</u>
I = Prt
where:
- I = interest earned
- P = principal
- r = interest rate (in decimal form)
- t = time (in years)
<u>Investment A</u>
- P = $2000
- r = 10% = 0.1
- t = 9 years
Substitute the given values into the formula and solve for I:
⇒ I = 2000(0.1)(9)
⇒ I = $1800
<u>Investment B</u>
- P = $3000
- r = 3% = 0.03
- t = 20 years
Substitute the given values into the formula and solve for I:
⇒ I = 3000(0.03)(20)
⇒ I = $1800
<u>Investment C</u>
- P = $2000
- r = 10% = 0.1
- t = 3 years
Substitute the given values into the formula and solve for I:
⇒ I = 2000(0.1)(3)
⇒ I = $600
The last investment (C) has the least interest of $600.
The other two investments (A and B) have the <u>same</u> amount of interest of $1800.
Step-by-step explanation: To evaluate functions substitute the given number or expression function's variable.
Answer:
becuase 2*3 is 6, and 2*4 is 8, and when you simplfy it is 1 and 1/2, which in decimal form is 1.5, making it less than 2
