Solve the problem.For a fixed amount of principal, the simple interest varies jointly with the rate and the time. If the simple interest is $1050 when the rate is 3% and the time is 7 years, find the simple interest when the rate is 5% and the time is 10 years.

A. $5000
B. $2500
C. $250
D. $2750


Answer: B

Mathematics

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