Question

The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan’s future value​ A, or the total amount due at time t. Round answers to the nearest cent. P=$2000, r=%6, T=6 years in progress 0 2 months 2021-07-30T06:22:57+00:00 1 Answers 2 views 0 ## Answers ( ) 1. Answer:$2720

Step-by-step explanation:

Given data

Principal=$2000 r= %6 T= 6 years The expression for the final amount is A= P(1+rt) A=2000(1+0.06*6) A=2000(1+0.36) A=2000*1.36 A=2720 Hence the amount is$2720