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.


Answer: D

Mathematics

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