SOLUTION: An investment of $1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same time rate or the same length of time pay?
Algebra.Com
Question 306905: An investment of $1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same time rate or the same length of time pay?
Answer by ichudov(507) (Show Source): You can put this solution on YOUR website!
If $1500 pays interest of $45, then every dollar of it pays per dollar invested. For $2000 invested, the interest would be 2000*0.03 = $60.
RELATED QUESTIONS
How would I solve this?
An investment of $1500 paid interest of $45 during a certain... (answered by stanbon)
An investment of $1500 paid interest of $45 during a certain period. How much interest... (answered by CharStar)
An investment of $1500 paid interest of $45 during a certain period. How much interest... (answered by crrellim)
An investment of $1500 paid interest of $45 during a certain period. How much interest... (answered by nycsharkman)
An investment of $1500 paid interest of $45 during a certain period. How much interest... (answered by Mathtut)
An investment of 1500 paid interest of $45 during a certain period. How much interest... (answered by josmiceli)
An investment of $1500 paid interest of $45 during a certain period. How much interest... (answered by sudhanshu_kmr)
An investment of $1500 paid interest of $45 during a certain period.How much interest... (answered by checkley71)
An investment of $1500 paid interest of $45 during a certain period.How much interest... (answered by checkley71)