document.write( "Question 110158: 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? \n" ); document.write( "
Algebra.Com's Answer #80317 by elima(1433)![]() ![]() ![]() You can put this solution on YOUR website! 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? \n" ); document.write( "================================================= \n" ); document.write( "I=PRT \n" ); document.write( "I=interest \n" ); document.write( "P=principal \n" ); document.write( "R=rate \n" ); document.write( "T=time \n" ); document.write( "Now substitute with information given; \n" ); document.write( "165=1500R(1) \n" ); document.write( "165=1500R \n" ); document.write( " \n" ); document.write( ".11=R \n" ); document.write( "Now that we know the rate, lets use the same rate to get the next interest earned; \n" ); document.write( "I=2500(.11)(1) \n" ); document.write( "I=275 \n" ); document.write( ":)\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |