SOLUTION: im really stuck so can someone help me please :(? solve the problem. The interest on an investment varies directly as the rate of interest. If the interest is $60 when the in

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: im really stuck so can someone help me please :(? solve the problem. The interest on an investment varies directly as the rate of interest. If the interest is $60 when the in      Log On


   



Question 453150: im really stuck so can someone help me please :(?
solve the problem.
The interest on an investment varies directly as the rate of interest. If the interest is $60 when the interest rate is 4.5%, find the interest when the rate is 4.2%. Round to the nearest whole number.

Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
The interest on an investment varies directly as the rate of interest.
If the interest is $60 when the interest rate is 4.5%, find the interest when the rate is 4.2%.
:
We can use proportion here, let x = amt when int rate is 4.2
:
4.5%2F4.2 = 60%2Fx
Cross multiply
4.5x = 4.2* 60
4.5x = 252
x = 252%2F4.5
x = $56