# SOLUTION: Kevin earned \$165 interest for 1 year on an investment of \$1500. At the same rate, what amount of interest would be earned by an investment of \$2500?

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 Question 110158: Kevin earned \$165 interest for 1 year on an investment of \$1500. At the same rate, what amount of interest would be earned by an investment of \$2500?Answer by elima(1433)   (Show Source): You can put this solution on YOUR website!Kevin earned \$165 interest for 1 year on an investment of \$1500. At the same rate, what amount of interest would be earned by an investment of \$2500? ================================================= I=PRT I=interest P=principal R=rate T=time Now substitute with information given; 165=1500R(1) 165=1500R .11=R Now that we know the rate, lets use the same rate to get the next interest earned; I=2500(.11)(1) I=275 :)