Answer:
Amount earned (New investment) = $1,890
Step-by-step 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
