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

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 $1,200.00 with an interest rate of 1% earned
$60) 00 in simple interest. Find the amount of simple interest earned if the principle is $1,400.00 and the interest
Rate is 5%.

A) $70.00
B) $35,000.00
C) $350.00
D) $300.00