Find the simple interest on a $20,600 investment made for 6 months at an interest rate of 8% per year. What is the future value Round your answer to the nearest ten.
A)The simple interest is $800, the future value is $21,440.
B) The simple interest is $800, the future value is $21,450.
C) The simple interest is $840, the future value is $21,440.
D) The simple interest is $820, the future value is $21,420.
E) The simple interest is $840, the future value is $21,410.

Question

Find the simple interest on a $20,600 investment made for 6 months at an interest rate of 8% per year. What is the future value  Round your answer to the nearest ten. 
A)The simple interest is $800, the future value is $21,440.
B) The simple interest is $800, the future value is $21,450.
C) The simple interest is $840, the future value is $21,440.
D) The simple interest is $820, the future value is $21,420.
E) The simple interest is $840, the future value is $21,410.

Quizplus · Accepted Answer

The Answer of Find the simple interest on a $20,600 investment made for 6 months at an interest rate of 8% per year. What is the future value  Round your answer to the nearest ten. 
A)The simple interest is $800, the future value is $21,440.
B) The simple interest is $800, the future value is $21,450.
C) The simple interest is $840, the future value is $21,440.
D) The simple interest is $820, the future value is $21,420.
E) The simple interest is $840, the future value is $21,410.

Find the Simple Interest on a $20,600 Investment Made for 6