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The interest earned on money invested in a savings account is jointly proportional to the amount initially invested and the length of time of the investment. If $250 is invested for 2 years, it earns $25 in interest. Let I be the interest earned (in dollars), let P be the dollar amount initially invested, and let t be the length of time of the investment. How much interest would be earned if $200 was invested for 3 years?
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"The interest earned on money invested in a savings account is jointly proportional to the amount initially invested and the length of time of the investment. " That sentence, using the variables required, translates to: I = Ptc where c is some constant we need to figure out. How do we figure out c?
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