The simple interest on an investment is directly proportional to the amount of investment. An investment of $6500 will earn $211.25 after one year. Find a mathematical model that gives that interest I after one year in terms of the amount invested P.
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The simple interest on an investment is directly proportional to the amount of investment. An investment of $6500 will earn $211.25 after one year. Find a mathematical model that gives that interest I after one year in terms of the amount invested P.
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