Drag the descriptions of each investment in order from which will earn the least simple interest to which will earn the most simple interest.

Answer:

Hello! I know I am a bit late but for those who come here in the future,

This is the order (Least to Greatest)

1) 1,500 at 8% simple interest for 6 years

2) 1,500 at 6% simple interest for 10 years

3) 1,500 at 8% simple interest for 10 years

Hope this helps!

In situation 3, a person will earn the least simple interest in situation 1, a person will earn the most simple interest.

It is defined as the interest based on the principal amount, it does not include the compounded amount. The interest calculates on the initial amount or borrowed amount.

It is given for the three cases as,

P =$1500, R=8% , T = 10 years

P =$1500, R=8% , T = 6 years

P =$1500, R=6% , T = 10 years

The formula for the simple interest is,

Case 1,

SI = (P×R×T) / 100

SI = (1500×8×10)/100

SI = $ 1200

Case 2,

SI = (P×R×T) / 100

SI = (1500×6×10)/100

SI = $ 900

Case 3,

SI = (P×R×T) / 100

SI = (1500×8×6)/100

SI = $ 720

The simple interest for cases 1, 2, and 3 will be $ 1200, $ 900, and $ 720.

Thus, in situation 3, a person will earn the least simple interest in situation 1, a person will earn the most simple interest.

Learn more about the simple interest here:

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