SOLUTION: Terry 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?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Terry 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?      Log On


   

Question 48367: Terry 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?
Found 2 solutions by Nate, stanbon:
Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
(Principle)(Rate)(Time) = (Interest)
PRT = I
1500*R*1 = 165
R = 165/1500 = 0.11
PRT = I
2500*0.11*1 = I = 275

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
165/1500 = x/2500
0.11(2500)=x
x=$275
He would earn $275 on an investment of $2500
Cheers,
Stan H.