Question

Question 3

Answer 1

12,600 hope it helps

Answer 2

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.