If $5,000 is invested in an account at a simple annual rate of r percent, the interest is $250.
If $5,000 is invested in an account at a simple annual rate of r percent, the interest is $250. When $18,000 is invested at the same interest rate, what is the interest from the investment?
Answer/Solution
$900
Steps/Work
-> 250/5,000=5% and 18,000*5%=900.
Thus, E is the answer.
Thus, E is the answer.