SOLUTION: Kevin earned $165.00 interest for 1 year on an investment of $1500.00. At the same rate, what amount of interest would be earned by an investment of $2500.00?

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Kevin earned $165.00 interest for 1 year on an investment of $1500.00. At the same rate, what amount of interest would be earned by an investment of $2500.00?      Log On


   

Question 83133: Kevin earned $165.00 interest for 1 year on an investment of $1500.00. At the same rate, what amount of interest would be earned by an investment of $2500.00?
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
165/1500=.11 OR 11% INTEREST RATE.
2500*.11=275 INTEREST FOR THIS INVESTMENT.