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Caleb deposits 1,000 at the beginning of the year into a certificate of deposit (CD) that credits simple interest at an annual rate i .
Caleb deposits 1,000 at the beginning of the year into a certificate of deposit (CD) that credits simple interest at an annual rate i.
18 months later, Caleb's CD worths 1,150.
Alayna deposited 10,000 in a 9-month CD that credits simple interest at an annual rate 0.8i.
What will be the value of Alayna's CD after 9 months?
A. 10,300
B. 10,400
C. 10,500
D. 10,600
E. 10,700
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