Question

an investment of $5000 earned $1050 for 1 year. How much will an investment of $9000 earn at the same rate for 1 year?​

Answer 1

Amount earned (New investment) = $1,890

Explanation:

Given:

Amount invested = $5,000

Earned = $1,050

New investment = $9,000

Find:

Amount earned (New investment)

Computation:

Amount earned (New investment) = [Earned / Amount invested]New investment

Amount earned (New investment) = [1,050 / 5,000]9,000

Amount earned (New investment) = $1,890