the simple interest on an investment is directly proportional to the amount of the investment. For example, an investment of $2,500 earns $187.50 after one year. Find a mathematical model that gives interest /after one year in terms of the amount invested P.

Intermediate Algebra
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ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
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the simple interest on an investment is directly proportional to the amount of the investment. For example, an investment of $2,500 earns $187.50 after one year. Find a mathematical model that gives interest /after one year in terms of the amount invested P.

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