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tino4ka555 [31]
3 years ago
8

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
Mathematics
1 answer:
Anna35 [415]3 years ago
8 0

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

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The amount received by each of the three brothers from the $24,000 given them based on their sharing ratios is worked out using a system of equations as follows:

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<h3>What is an equation?</h3>

An equation is a mathematical statement that shows that two values are equal.

A system of equations uses numbers and variables.

Data and Calculations:

Amount to be shared = $24,000

Sharers = X ,Y and Z

Sharing ratios:

X takes twice as Y = 2y

Y takes 1/3 of Z, Y = y

Z receives 1/3 of Y = 3y

Ratio = 2y + y + 3y

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y = 4,000

X' share = $8,000 (2 x 4,000)

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Learn more about equations at brainly.com/question/2972832

#SPJ1

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