Find the Simple Interest on a $3,000 Investment Made for 10

Multiple Choice

Find the simple interest on a $3,000 investment made for 10 years at an interest rate of 5% per year. What is the future value ?

A) The simple interest is $1,520, the future value is $4,520.
B) The simple interest is $1,520, the future value is $4,480.
C) The simple interest is $1,500, the future value is $4,500.
D) The simple interest is $1,530, the future value is $4,530.
E) The simple interest is $1,490, the future value is $4,520.