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Mathematics, 11.11.2019 20:31 leo4687
The simple interest on an investment is directly proportional to the amount of the investment. by investing $2400 in a certain bond issue, you obtained an interest payment of $111.75 after 1 year. find a mathematical model that gives the interest i for this bond issue after 1 year in terms of the amount invested p. (round your answer to three decimal places.)
a. i = 0.047pb. i = 268,200pc. i = 21.477pd. i = 2400pe. i = 111.75p
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