SOLUTION: Kevin earned $165.00 interest for 1 year on an investment of $1500.00. At the same rate, what amount of interest would be earned by an investment of $2500.00?
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Question 83133: Kevin earned $165.00 interest for 1 year on an investment of $1500.00. At the same rate, what amount of interest would be earned by an investment of $2500.00?
Answer by checkley75(3666) (Show Source): You can put this solution on YOUR website!
165/1500=.11 OR 11% INTEREST RATE.
2500*.11=275 INTEREST FOR THIS INVESTMENT.
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