drag each tile to the correct box. not all tiles will be used. calculate the interest earned on each simple…

drag each tile to the correct box. not all tiles will be used. calculate the interest earned on each simple - interest account given the original principal, annual interest rate, and length of time the account was held. match each amount to the corresponding account description. $91.52 $94.50 $92.40 $82.35 $92.63 $94.71 $880 at 5.25% for 2 years $675 at 3.5% for 4 years $770 at 4.1% for 3 years

drag each tile to the correct box. not all tiles will be used. calculate the interest earned on each simple - interest account given the original principal, annual interest rate, and length of time the account was held. match each amount to the corresponding account description. $91.52 $94.50 $92.40 $82.35 $92.63 $94.71 $880 at 5.25% for 2 years $675 at 3.5% for 4 years $770 at 4.1% for 3 years

Answer

Explanation:

Step1: Recall simple - interest formula

The simple - interest formula is $I = Prt$, where $I$ is the interest, $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the time in years.

Step2: Calculate interest for $P = 880$, $r=0.0525$, $t = 2$

$I_1=880\times0.0525\times2=880\times0.105 = 92.40$

Step3: Calculate interest for $P = 675$, $r = 0.035$, $t = 4$

$I_2=675\times0.035\times4=675\times0.14 = 94.50$

Step4: Calculate interest for $P = 770$, $r = 0.041$, $t = 3$

$I_3=770\times0.041\times3=770\times0.123 = 94.71$

Answer:

$880$ at $5.25%$ for $2$ years $\to$ $92.40$ $675$ at $3.5%$ for $4$ years $\to$ $94.50$ $770$ at $4.1%$ for $3$ years $\to$ $94.71$