SOLUTION: The simple interest received an investment is directly proportional to the amount of the investment. By investing $2000 in a corporate bond, you obtain interest of $120 at the end

Question 1031840: The simple interest received an investment is directly proportional to the amount of the investment. By investing $2000 in a corporate bond, you obtain interest of $120 at the end of 1 year. Find a mathematical model that gives the interest I at the end of the one year in term of the amount invested P.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the interest rate

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