The Simple Interest on an Investment Is Directly Proportional to the Amount

question 326

Multiple Choice

The simple interest on an investment is directly proportional to the amount of the investment.By investing $2400 in a certain bond issue, you obtained an interest payment of $111.75 after 1 year.Find a mathematical model that gives the interest I for this bond issue after 1 year in terms of the amount invested P.(Round your answer to three decimal places.)

• A) \(I = 0.047 P\)
• B) \(I = 268,200 P\)
• C) \(I = 21.477 P\)
• D) \(I = 2400 P\)
• E) \(I = 111.75 P\)

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Definitions:

Simple Conflict

A disagreement or discrepancy between individuals or groups that is straightforward and can be resolved with minimal complexity.

Pseudoconflict

A misunderstanding that arises from poor communication, leading to the perception of conflict where there is none.

Ego Conflict

A psychological struggle where two parts of one's self or desires are in opposition.

Coercive Relationship

A relationship dynamic where one party exerts control over the other through threats, intimidation, or manipulation.