Question

Drag each tile to the correct box. Not all tiles will be used.

Answer 1

Answer:

P=$880,I=$92.40

P=$675,I=$94.50

P=$770,I=$96.79

Step-by-step explanation:

Simple interest rate is the interest eared on principal amount only over time:

$I=PRT$

#$880 at 5.25% for 2 years

$I=PRT, P=880, R=0.0525, T=2\\\\=880\times 0.0525\times 2\\\\=92.4$

Hence, the interest earned is $92.40

#$675 at 3.5% for 4 years:

$I=PRT, P=675, R=0.035, T=4\\\\=675\times 0.035\times 4\\\\=94.5$

Hence, the interest earned is $94.50

#$770 at 4.19 for 3 years:

$I=PRT, P=770, R=0.0419, T=3\\\\=770\times 0.0419\times 3\\\\=96.79$

Hence, the interest earned is $96.79