Question

Which expression can be used to find the total amount in an account after three years, if the initial deposit is $2,000, and the annual simple interest rate is 2%?

A. 2,000 x 0.02 x 3
B. 2,000 x (2,000 x 0.02 x 3)
C. 2,000 x (2,000 x 2 x 3)
D. 2,000(1 x 0.02)^3

Answer 1

Below

Explanation:

Actually....NONE of those answers would show the total amount after 3 years

the correct option would be 2000 + (2000*.02 *3) a PLUS sign rather than a multiplication sign ....so the answer MIGHT be B if you transcribed it incorrectly