document.write( "Question 1052936: The amount of simple interest earned in an account varies jointly as the interest rate and time of the investment. An account earns $200 in 2yr at 4% interest. How much interest would be earned in 3yr at a rate of 5%? \n" ); document.write( "
Algebra.Com's Answer #668221 by jorel555(1290)![]() ![]() ![]() You can put this solution on YOUR website! If the money grew at 4% simple interest after 2 years, then the original amount would be: \n" ); document.write( "x*.08=200 \n" ); document.write( "x=200/.08=2500 \n" ); document.write( "After 3 years at 5% interest you would have \n" ); document.write( "2500 x .15=$375 interest earned. ☺☺☺☺ \n" ); document.write( " |