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 $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