Solve. -The Amount of Simple Interest Earned on an Investment Over

question 35

Multiple Choice

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 $4000.00 with An interest rate of 3% earned $240.00 in simple interest. Find the amount of simple interest earned if The principle is $2400.00 and the interest rate is 1%.

• A) $48.00
• B) $144.00
• C) $80.00
• D) $4800.00

---

Definitions:

Exclusive Dealers

Distributors or retailers given the sole rights to sell a company's products in a specific territory or market.

Geographic Region

A specific area or section of the world, defined by natural or artificial boundaries, known for its unique geographic, cultural, or economic characteristics.

Franchisee

An individual or business entity that purchases the right to operate a branch of a franchised business, adhering to the franchisor's brand and operational guidelines.

Product

A good or service offered in the market to satisfy consumer needs or desires.