document.write( "Question 796327: After one year, the interest earned on a $7,000 investment exceeds the interest earned on a $5,000 investment by $150. The interest rate for the $7,000 investment is 1.5% greater than the interest rate for the $5,000 investment. Find the interest rate for both investments. (hint: think about our example in class and how interest is calculated \n" ); document.write( "
Algebra.Com's Answer #481348 by stanbon(75887) ![]() You can put this solution on YOUR website! After one year, the interest earned on a $7,000 investment exceeds the interest earned on a $5,000 investment by $150. The interest rate for the $7,000 investment is 1.5% greater than the interest rate for the $5,000 investment. Find the interest rate for both investments. \n" ); document.write( "------ \n" ); document.write( "What kind of investment? simple or compound?? \n" ); document.write( " |