Question

HELP I need help.
The winner will have 3035 points but for now, 100 points.

Answer 1

$6960

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 2

• $6960

Explanation:

Given:

• P = 6000
• r = 8% = 0.08
• t = 2 years

Use the given formula and find he final amount:

• A = P + I = P + Prt = P(1 + rt)
• A = 6000(1 + 0.08*2) = 6960

Correct choice is A