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 $2200.00 with an interest rate of 8% earned $176.00 in simple interest. Find the amount of simple interest earned if the principle is $4900.00 and the interest rate is 4%.
A. $88.00
B. $392.00
C. $196.00
D. $19,600.00
Answer: C
Mathematics
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