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+.02)t
C ) A= 2.000 (1+.08)t
D ) A =2,000 (1+.05) t
Explanation:
Formula for simple interest is I = Ptr Substitute. = 2000 ⋅ t ⋅ 0.06 = 120t Final value of the investment : A = P + I Substitute 2000 for P and 120t for I. = 2000 + 120t = 2000 (1+.06)t