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.
Correct Answer:

Verified
Correct Answer:
Verified
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