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

question 218

Multiple Choice

The simple interest on an investment is directly proportional to the amount of the investment.By investing $6000 in a certain certificate of deposit, you obtained an interest payment of $276.00 after 1 year.Determine a mathematical model that gives the interest, I , for this CD after 1 year in terms of the amount invested, P.

• A) \(I = ( 0.050 ) P\)
• B) \(I = ( 0.041 ) P\)
• C) \(I = ( 0.049 ) P\)
• D) \(I = ( 0.046 ) P\)
• E) \(I = ( 0.044 ) P\)

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Definitions:

Isomers

Compounds with the same molecular formula but different structures or arrangements of atoms, resulting in various physical and chemical properties.

Cyclic Alkane

A type of alkane wherein the carbon atoms are connected in a circular arrangement, making a closed loop or ring structure.

Cyclooctane

A cyclic hydrocarbon with the molecular formula C8H16, consisting of a ring of eight carbon atoms.

Benzene

A colorless, volatile liquid hydrocarbon with a distinctive aromatic odor, consisting of a ring of six carbon atoms each bonded to one hydrogen, used as a solvent and in chemical synthesis.