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.
کائل نے $2000 کا سرکاری بانڈ خریدا جو ہر سال سادہ سود میں 6% دیتا ہے۔ وہ مساوات لکھیں جو کل رقم A دیتا ہے، ڈالر میں، کائل کو تب ملے گا جب وہ t سال بعد بانڈ فروخت کرے گا۔
Answer: A = 2,000 + (1 + .06 t)
Explanation
ND4-4-20234
This question appeared in
Past Papers (3 times)
PPSC 5 Years Past Papers Subject Wise (Solved with Details) (2 times)
PPSC Past Papers (1 times)
This question appeared in
Subjects (1 times)
MATHS MCQS (1 times)
Related MCQs
- If $2000 is invested at an annual simple interest rate of 4% for 3 years, what is the total interest earned?
- Ali deposits an amount of X 65800 to obtain a simple interest at the rate of 14% per annum for 4 year. What total amount will Ali get at the end of 4 year?
- If $2,000 is invested at an annual simple interest rate of 5% for 4 years, what is the total amount accumulated?
- 1/5 part of an amount was given at 3% interest, 1/3 part was given at 5% simple interest 2/5 part at 9% simple interest, and the remaining part at 11% simple interest. The total interest received was Rs 297. How much amount was originally given?
- Which of the following statement is not correct? (a) Sigma bond is weaker than a pi bond (b) Sigma bond is stronger than a pi bond (c) Double bond is stronger than a single bond (d) Double bond is shorter than a single bond
- If $1000 is deposited in a savings account with a 2% annual interest rate, what will be the total interest after 3 years (simple interest)?
- Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%. It would amount to how much?
- Rs. 6000 is lent out in two parts. One part is lent at 7% p.a simple interest and the other is lent at 10% p.a simple interest. The total interest at the end of one year was Rs. 450. Find the ratio of the amounts lent at the lower rate and higher rate of interest?
- A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
- If a sum of $1200 is invested at an annual simple interest rate of 5% for 2 years, what is the total interest earned?