SOLUTION: An investment of $1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same rate for the same length of time pay?
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Question 7716: An investment of $1500 paid interest of $45 during a certain period. How much interest would an investment of $2000 invested at the same rate for the same length of time pay?
Thank you in advance!! Answer by CharStar(110) (Show Source):
You can put this solution on YOUR website! This is kind of difficult because we don't know the length of time.
Yet, to get the interest rate you would
To get the interest over a period of time you would use
I=PRT or Interest=principle x time x rate. We don't have the time period.
I hope that helps you.
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