The simple interest on an investment is directly proportional to the amount of the investment. By investing $2400 in a certain bond issue, you obtained an interest payment of $111.75 after 1 year. Find a mathematical model that gives the interest I for this bond issue after 1 year in terms of the amount invested P. (Round your answer to three decimal places.)
?

A.
B.
C.
D.
E.


Answer: A

Mathematics

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