document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=11863>Question 11863</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #6071 by </B><A HREF=/tutors/aboutme.mpl?userid=askmemath><B>askmemath(368)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=askmemath><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=6071\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> We know that Simple Interest is calculated as S.I = (prinicpal x Time x rate)/100\r<BR>\n" );
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document.write( "Given 165 = (1500x1xRate)/100\r<BR>\n" );
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document.write( "Simplifying we get Rate = 11%\r<BR>\n" );
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document.write( "Now we can calculate the interest on 2500 with the above formula and we get Interest = $275 </SPAN>\n" );
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