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.
1. 7
2. 4
3. 6
Hope this helped! :)
For this case we have to evaluate the following expression,
We must follow the steps below:
We convert the mixed number into a fraction:
We multiply the fractions, taking into account that:
We simplify:
We convert to mixed number:
Answer:
Answer:
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Step-by-step explanation:
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