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)

(c) A=2,000 (1+.06)

(d) A=2,000 (1+.06t)

Facebook
WhatsApp

You May Like

Comment

Top Contributors

All Categories

Past Papers 2023

Scroll to Top