Solve.The amount of simple interest earned on an investment over a fixed amount of time is jointly proportional to the principle invested and the interest rate. A principle investment of $2000.00 with an interest rate of 1% earned $80.00 in simple interest. Find the amount of simple interest earned if the principle is $5000.00 and the interest rate is 6%.

A. $480.00
B. $1200.00
C. $120,000.00
D. $200.00


Answer: B

Mathematics

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A.
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