HELP I need help.
The winner will have 3035 points but for now, 100 points.
2 answers:
Answer:
$6960
Step-by-step explanation:
p is not the principle. It is the principal.
I = prt
p = $6000
r = 8% = 0.08
t = 2
I = ($6000)(0.08)(2)
I = $960
Total amount after 2 years = principal + interest
Total amount = $6000 + $960
Total amount = $6960
Answer:
Step-by-step explanation:
<u>Given:</u>
- P = 6000
- r = 8% = 0.08
- t = 2 years
<u>Use the given formula and find he final amount:</u>
- A = P + I = P + Prt = P(1 + rt)
- A = 6000(1 + 0.08*2) = 6960
Correct choice is A
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