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 $1,200.00 with an interest rate of 1% earned $60.00 in simple interest. Find the amount of simple interest earned if the principle is $1,400.00 and the interest rate is 5%.

A. $300.00
B. $70.00
C. $350.00
D. $35,000.00


Answer: C

Mathematics

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