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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.

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 class=

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PeachyLove

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➷ I = P x r x t

I = 2500 x 0.04 x 6

I = $600

I = P x r x t

I = 2000 x 0.04 x 16

I = 1280

I = P x r x t

I = 2000 x 0.12 x 6

I = $1440

From least to highest, this is what you should put:

Loan of $2500 at 4% simple interest for 6 years

Loan of $2000 at 4% simple interest for 16 years

Loan of $2000 at 12% interest for 6 years

✽

➶ Hope This Helps You!

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➶ Have A Great Day ^-^

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