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)
(B) A= 2,000 (1+.06t)
(C) A= 2,000 (1+.06)
(D) A= 2,000 (1+.06)
A= 2,000 (1+.06t)
Comments
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...?
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)
(B) A= 2,000 (1+.06t)
(C) A= 2,000 (1+.06)
(D) A= 2,000 (1+.06)
A= 2,000 (1+.06t)
Comments
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...?