document.write( "Question 65581:  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?\r
\n" );
document.write( "\n" );
document.write( "I believe the interst rate is 11% which leaves an equation of:
\n" );
document.write( "11% * $2500 = $275.00\r
\n" );
document.write( "\n" );
document.write( "Is this correct? \n" );
document.write( "
| Algebra.Com's Answer #46199 by Nate(3500)      You can put this solution on YOUR website! Firstly, what is the rate? \n" ); document.write( "Interest = Time * Principal * Rate \n" ); document.write( "165 = 1 * 1500 * r \n" ); document.write( "165 / 1500 = r \n" ); document.write( "At the same rate, what amount of interest would be earned by an investment of $2500? \n" ); document.write( "1*(165/1500)*2500 = Interest after 1 year \n" ); document.write( " |