SOLUTION: 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?
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-> SOLUTION: 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?
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Question 65330: 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? Answer by stanbon(75887) (Show Source):
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?
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Let "x} be the rate of interest.
1500x=165
x=0.11 or 11%
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0.11(2500)=$275 (interest he would earn on an investment of $2500)
Cheers,
Stan H.
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