Question 1160606
Is it C? I'm checking my answers.

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. How much is the investment worth?


A .$3,600

B. $9,000

C. $12,000

D. $18,000


The question is provided in the link here: https://i.imgur.com/VEqsAqF.png
<pre>She's WRONG, as usual, and that's very MISLEADING.
Present Value/Amount invested TODAY: $9,000
Future Value in 10 years' time, based on ANNUAL simple interest rate of 4%: $12,600
Investment is worth: {{{highlight_green(matrix(1,9, FV - PV, "=", "$12,600", "-",  "$9,000", "=", "$3,600", "(CHOICE", "A)"))}}}