Mathematics
Medium
Question
Kyle bought a $2000 government bond that yields 6% in simple interest each year. Write the equation that gives the total amount A, in dollars, Kyle will receive when he sells the bond after t years.
A
A = 2,000 (1+ .06)t
B
A = 2,000 (1+.06t)
✓ Official correct answer
C
A = 2,000 (1+.06)
D
A = 2,000 (1+.06)^t
Community credibility
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A
A = 2,000 (1+ .06)t
No member explanations yet for this option.
B
A = 2,000 (1+.06t)
No member explanations yet for this option.
C
A = 2,000 (1+.06)
No member explanations yet for this option.
D
A = 2,000 (1+.06)^t
No member explanations yet for this option.
Explanation
Solution
Inteest = PRT = 2000x0.06xt then we use
A = P + I = 2000 + 2000x0.06t
A = 2000(1 + 0.06t)
Inteest = PRT = 2000x0.06xt then we use
A = P + I = 2000 + 2000x0.06t
A = 2000(1 + 0.06t)