Use Estimation to Select the Best Response $I = \rho r t$

Short Answer

Use estimation to select the best response. If $I = \rho r t$ and $P = \$ 39,426.55$ , $r = 9.5 \%$ , and $t = 2 \text { years }$ , estimate $I$ . Choose 500, 8,000, 100,000, or 200,000. $ __________