If Apple's stock underwent simple interest increase from February, 2005, through August, 2005 and into 2006, what would the price be in December, 2006? Round your answer to the nearest cent.
MonthDec. 1997Aug. 1999Mar. 2000May 2000Aug. 2000Dec. 2000Monthly Price 3.28 16.31 33.95 21 30.47 7.44MonthJan. 2002Mar. 2003Oct. 2003Nov. 2004Feb. 2005Aug. 2005Monthly Price 12.36 7.07 11.44 33.53 44.86 45.78?

A. $48.33
B. $48.54
C. $49.23
D. $47.49
E. $48.23


Answer: E

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