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)![]() ![]() ![]() You can put this solution on YOUR website! 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. \n" ); document.write( "----- \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 \n" ); document.write( "----------------- \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 \n" ); document.write( "======================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "================ \n" ); document.write( " \n" ); document.write( " |