document.write( "Question 861609: The simple interest earned by a certain amount of money varies jointly as the rate of interest and the time (in years) that the money is invested. If the money is invested at 11% for 2 years, $440 is earned. How much is earned if the money is invested at 16% for 3 years \n" ); document.write( "
Algebra.Com's Answer #519138 by stanbon(75887)\"\" \"About 
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The simple interest earned by a certain amount of money varies jointly as the rate of interest and the time (in years) that the money is invested.
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\n" ); document.write( "i = krt \r
\n" ); document.write( "\n" ); document.write( "If the money is invested at 11% for 2 years, $440 is earned.
\n" ); document.write( "440 = k*0.11*2
\n" ); document.write( "k = 2000
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\n" ); document.write( "How much is earned if the money is invested at 16% for 3 years
\n" ); document.write( "i = 2000*rt
\n" ); document.write( "i = 2000*0.16*3
\n" ); document.write( "interest = 960
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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