Find the Simple Interest on a $18,800 Investment Made for 9

question 17

Multiple Choice

Find the simple interest on a $18,800 investment made for 9 months at an interest rate of 10% per year. What is the future value Round to the nearest ten.

• A)The simple interest is $1,410, the future value is $20,230.
• B) The simple interest is $1,400, the future value is $20,200.
• C) The simple interest is $1,410, the future value is $20,210.
• D) The simple interest is $1,440, the future value is $20,240.
• E) The simple interest is $1,430, the future value is $20,230.