Andre De Quadros bought a $3,500, 9-month certificate of deposit (CD) that would earn 9.0% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent.
A. $3,578.75
B. $3,657.50
C. $3,815.00
D. $3,710.00
E. $3,736.25
Answer: E
Mathematics
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