Question

20 POINTS!!!!!

The amount of simple interest accrued on a sum of money varies jointly with the amount of money, the interest rate,
and the time the money is invested. A sum of money is invested at a simple interest rate of 4% for 3 years and
accrues $168 in interest. The same sum of money is invested in a second account at a simple interest rate of 6% for
4 years. Which statenent is true?
O The amount of interest accrued on the second account is less than double the amount of interest accrued on the
first account.
O The amount of interest accrued on the second account is double the amount of interest accrued on the first
account.
O The amount of interest accrued on the second account is more than double but less than triple the interest
accrued on the first account.
O The amount of interest accrued on the second account is more than triple the interest accrued on the first account.

Answer 1

The amount of interest accrued on the second account is double the amount of interest accrued on the first account.

Explanation:

The answer above is correct, but the correct letter is B.

Answer 2

Option (A) is correct i.e the amount of interest accrued on the second account is double the amount of interest accrued on the first account.