document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=76870>Question 76870</A>: <I><SPAN STYLE=\"word-break: break-all;\"> PLEASE SOMEONE HELP ME?<BR>\n" );
document.write( "Business and finance. Kevin earned $165 interest for 1 year on an investment of<BR>\n" );
document.write( "$1500. At the same rate, what amount of interest would be earned by an investment of $2500? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #55110 by </B><A HREF=/tutors/aboutme.mpl?userid=tutorcecilia><B>tutorcecilia(2152)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=tutorcecilia><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=tutorcecilia><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=55110\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use the formula for simple interest:<BR>\n" );
document.write( "Interest = (Principle)(rate)(time)<BR>\n" );
document.write( ".\r<BR>\n" );
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document.write( "Plug-in the values:<BR>\n" );
document.write( "$165=(1500)(rate)(1 year)<BR>\n" );
document.write( "165=1500(r)(1) [solve for rate (r)]<BR>\n" );
document.write( "165=1500r<BR>\n" );
document.write( "165/1500=1500r/1500<BR>\n" );
document.write( ".11=r<BR>\n" );
document.write( ".11 X 100% = 11% = rate<BR>\n" );
document.write( ".<BR>\n" );
document.write( "Use the rate of 11% for the second part of the problem:<BR>\n" );
document.write( "I=Prt<BR>\n" );
document.write( "Interest =($2500)(.11)(1year) [solve for interest (I)-<BR>\n" );
document.write( "I=(2500)(.11)(1)<BR>\n" );
document.write( "I=275.\r<BR>\n" );
document.write( "<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );