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 $3400.00 with an interest rate of 8% earned $1360.00 in simple interest. Find the amount of simple interest earned if the principle is $1400.00 and the interest rate is 5%.

A. $850.00
B. $350.00
C. $35,000.00
D. $560.00


Answer: B

Mathematics

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