The simple interest on an investment is directly proportional to the amount of the investment. By investing $8750 in a certain certificate of deposit, you obtained an interest payment of $210.00 after 1 year. Determine a mathematical model that gives the interest, I, for this CD after 1 year in terms of the amount invested, P.
A) $I = ( 0.022 ) P$
B) $I = ( 0.027 ) P$
C) $I = ( 0.019 ) P$
D) $I = ( 0.028 ) P$
E) $I = ( 0.024 ) P$

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The Answer of The simple interest on an investment is directly proportional to the amount of the investment. By investing $8750 in a certain certificate of deposit, you obtained an interest payment of $210.00 after 1 year. Determine a mathematical model that gives the interest, I, for this CD after 1 year in terms of the amount invested, P.
A) $I = ( 0.022 ) P$
B) $I = ( 0.027 ) P$
C) $I = ( 0.019 ) P$
D) $I = ( 0.028 ) P$
E) $I = ( 0.024 ) P$

The Simple Interest on an Investment Is Directly Proportional to the Amount