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. CLEAR CHECK Investment of $1,000 at 2% simple interest for 15 years Investment of $1,000 at 15% simple interest for 5 years Investment of $100 at 15% simple interest for 15 years Least Interest Amount Greatest Interest Amount

Answer 1

1000x2x15=30000

30000-1000x15=15000

1000x15x5=75000

75000-1000x5=70000

100x15x15=22500

22500-15x100=21000

Investment of 1000 at 2% simple interest for 15 years will earn the least simple interest

Investment of 1000 at 15% simple interest for 5 years will earn the most simple interest