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

question 22

Multiple Choice

The simple interest on an investment is directly proportional to the amount of the investment.By investing $5800 in a municipal bond,you obtained an interest payment of $221.25 after 1 year.Find a mathematical model that gives the interest I for this municipal bond after 1 year in terms of the amount invested P.(Round your answer to three decimal places. ) ​

• A) \(I = 26.215 P\)
• B) \(I = 221.25 P\)
• C) \(I = 0.038 P\)
• D) \(I = 1,283,250 P\)
• E) \(I = 5800 P\)

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Definitions:

CLX Modules

Modules designed for use in ControlLogix systems, which are part of the Allen-Bradley PLC range, supporting various I/O and special functions.

Properly Configured

Refers to a state where devices, software, or systems have been set up with the correct settings and parameters to function optimally.

CLX Timer Instruction

A specific command used in Rockwell Automation's ControlLogix (CLX) PLC programming for setting up timers.

Predefined Structure

A pre-established framework or pattern used in programming to organize data or processes.