Abank has opened a new branch and, as part of a promotion, the bank branch is offering $1,000 certificates of deposit at simple interest of 4% per year. the bank is selling certificates with terms of 1, 2, 3, or 4 years. which of the following functions gives the total amount, aaa, in dollars, a customer will receive when a certificate with a term of kkk years is finally paid? a) a=1,000(1.04k)b) a=1,000(1+0.04k)c) a = 1,000(1.04)^kd) a = 1,000(1 + 0.04^k)

option A

Step-by-step explanation:

given,                                                

the bank branch is offering $1,000 certificates of deposit.

Rate of interest per year = 4 % = 0.04                        

The bank is selling certificates with terms of 1, 2, 3, or 4 years

total amount =  A , in dollar              

time of investment = k years              

4 k% is added to the original deposit.

A = P + P r t                                      

A = P (1 + r t)                                          

A = P (1 + 0.04 k)                            

the correct answer is option A

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noun

the practice of taking someone else's work or ideas and passing them off as one's own.

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