Mark wants to invest 10,000 in a cd for at least 10 years the first choice is a cd that pays 4% annually and uses simple interest what is the total value after 10 years

Answer: 14000

Step-by-step explanation:

From the question, the first thing is to first calculate the simple interest (S. I). This will be:

S. I = (principal * rate * time) / 100

where principal = 10,000

rate = 4%

time = 10 years

Simple interest = (10,000 * 4 * 10) / 100

= 400000/100

= 4000

The total value after 10 years will be th addition of the amount invested and the interest. This will be:

= 10,000 + 4000

= 14000