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 $2600.00 with an interest rate of 8% earned $832.00 in simple interest. Find the amount of simple interest earned if the principle is $4200.00 and the interest rate is 7%.

A. $1344.00
B. $728.00
C. $1176.00
D. $117,600.00


Answer: C

Mathematics

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