SOLUTION: The interest on an investment varis directly as the rate of interest. If the interest is $48 when the interest rate is 5%, find the interest when the rate is 4.2%.My math book does

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The interest on an investment varis directly as the rate of interest. If the interest is $48 when the interest rate is 5%, find the interest when the rate is 4.2%.My math book does      Log On

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Question 369601: The interest on an investment varis directly as the rate of interest. If the interest is $48 when the interest rate is 5%, find the interest when the rate is 4.2%.My math book doesn't give any examples on how to solve these kinds of word problems.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
48 is to 5% as X is to 4.2%
.
.
48%2F5=X%2F4.2
X=%284.2%2F5%29%2848%29
highlight%28X=40.32%29