If You Put $2000 in a Saving Account That Earns

Multiple Choice

If you put $2000 in a saving account that earns 3% interest per year,what is the formula you should use to determine the account's future value in one year?

A) Future value = $2000 × 0.03.
B) Future value = $2000 / 0.03.
C) Future value = $2000 / (1 + 0.03) .
D) Future value = $2000 × (1 + 0.03) .