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 lenght of time pay?

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Question 170505: 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 lenght of time pay?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The interest rate is 45%2F1500+=+.03, or 3%
$2000 at the same rate would earn
.03%2A2000+=+60
$60 answer