Ask a New Question

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?

At the same rate of interest, and period, the interest earned will be proprtional to the original principle. Therefore, you can multiply $165 by 2500/1500 (or 5/3) to get the answer.

Ask a New Question or answer this question.

Similar Questions

An investment of $93,000 was made by a business club. the investment was split into three parts and lasted for one year. The
1. 2 answers
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original
1. 1 answer
An investment of $37,000 was made by a business club. The investment was split into three parts and lasted for one year. The
1. 2 answers
an investment of 72,000 was made by a business club. the investment was split into three parts and lasted for one year. the
1. 1 answer

more similar questions