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Galina-37 [17]
3 years ago
6

Question 3

Mathematics
2 answers:
blondinia [14]3 years ago
8 0
12,600 hope it helps
Sergeu [11.5K]3 years ago
8 0

We have been given that Carla plans to invest $9,000 for 10 years. Better Bank offers a 10 year CD at an annual rate of 4% using simple interest. We are asked to find the amount after 10 years.

We will use simple interest formula to solve our given problem.    

A=P(1+rt), where

A = Final amount,

P = Principal amount,

r = Annual interest rate in decimal form,

t = Time in years.

4\%=\frac{4}{100}=0.04

A=\$9000(1+0.04\times 10)

A=\$9000(1+0.4)

A=\$9000(1.4)

A=\$12600

Therefore, the investment will be worth $12600 in 10 years. and option C is the correct choice.

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