SOLUTION: Solve A = P+Prt for P if A = 1032, r=.06, and t=12 Thanks!!!

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Question 74680This question is from textbook Elementary algebra
: Solve A = P+Prt for P if A = 1032, r=.06, and t=12
Thanks!!! This question is from textbook Elementary algebra

Answer by jim_thompson5910(35256)   (Show Source): You can put this solution on YOUR website!
Just plug in the values you're given and evaluate:
Plug in A = 1032, r=.06, and t=12


Add like terms
Divide both sides by 1.72
So you invested $600 for 12 months at 6% interest to have $1032 in your savings


Check:
Plug in P=600, r=.06 and t=12


works

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