SOLUTION: Help Please! 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? Thank you

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Question 103465: Help Please!
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?
Thank you!
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
1500x=165
x=165/1500
x=.11 or 11% interest
2500*.11=$275 intrest on $2500 @ 11%.