Solve the problem.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 $3700.00 with an interest rate of 8% earned $592.00 in simple interest. Find the amount of simple interest earned if the principle is $3100.00 and the interest rate is 7%.
A. $496.00
B. $43,400.00
C. $518.00
D. $434.00
Answer: D
Mathematics
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What will be an ideal response?
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- 9
A. 9
B. 28
C. 9
D. 27
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Mathematics