Drag the descriptions of each loan into order, from which will have the least simple interest owed to which will have the most simple interest owed.

Loan of $2,000 at 12% simple interest for 9 years

Loan of $2,500 at 12% simple interest for 3 years

Loan of $2,500 at 5% simple interest for 9 years

Least Interest Amount

Greatest Interest Amount

Question

20 February, 06:32

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Answers (1)

Know the Answer?

Gaven Deleon · Answer 1

I = prt

I=2,000*0.12*9

I=2,160 Greatest Interest Amount

I=2,500*0.12*3

I=900 Least Interest Amount

I=2,500*0.05*9

I=1,125