Solved

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

Question 42

Multiple Choice

The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) B) C) D) E)
B) The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) B) C) D) E)
C) The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) B) C) D) E)
D) The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) B) C) D) E)
E) The simple interest on an investment is directly proportional to the amount of the investment.By investing $5750 in a certain certificate of deposit, you obtained an interest payment of $172.50 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) B) C) D) E)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q37: Determine whether lines L<sub>1</sub> and L<sub>2</sub> passing

Q38: Use the graph of the function to

Q39: Find the x- and y-intercepts of the

Q40: The point <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2036/.jpg" alt="The point

Q41: Use the vertical line test to determine

Q43: Use the graph of <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2036/.jpg" alt="Use

Q44: Determine if lines <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2036/.jpg" alt="Determine if

Q45: Suppose the average remaining lifetime for women

Q46: Use a graphing utility to graph the

Q47: Assuming that the graph shown has y-axis