Question 693853
Charlie earns $4,900 in simple interest on a sum of 
money invested for 5 years at a 7% interest rate. 
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Find the sum invested:
I = P*r*t
4900 = P*0.07*5
P = $14000
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How much simple interest would he have earned if he had invested
the same sum of money for 6 years at a 6% interest rate? 
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Find "I":
I = P*r*t
I = 14000*6*0.06
Interest = $5040
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Cheers,
Stan H.
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A. $3,600
B. $4,900
C.$5,040
D. $5,880