Answer:
3.039% < [tex]3\frac{3}{16}[/tex]% < 3.4% < 3.499% < [tex]3\frac{1}{2}[/tex]%
Step-by-step explanation:
We have to arrange the following interest rates in ascending order.
3.4%, 3.039%, [tex]3\frac{3}{16}[/tex]%, 3.499%, [tex]3\frac{1}{2}[/tex]%
First we have to convert these value in to fraction then into decimal value.
3.4% = [tex]\frac{3.4}{100}[/tex] = 0.034
3.039% = [tex]\frac{3.039}{100}[/tex] = 0.03039
[tex]3\frac{3}{16}[/tex]% = [tex]\frac{51}{16}[/tex]% = [tex]\frac{3.1875}{100}[/tex] = 0.031875
3.499% = [tex]\frac{3.499}{100}[/tex] = 0.03499
[tex]3\frac{1}{2}[/tex]% = [tex]\frac{7}{2}[/tex]% = [tex]\frac{3.5}{100}[/tex] = 0.035
Now we will arrange these decimal numbers in to ascending order.
0.03039 < 0.031875 < 0.034 < 0.03499 < 0.035
Therefore the interest rates in ascending order would be
3.039% < [tex]3\frac{3}{16}[/tex]% < 3.4% < 3.499% < [tex]3\frac{1}{2}[/tex]%
