SOLUTION: The amount of an investment of P dollars for f years at a simple interest rate r is given by A=P+Prt
a) Rewrite this formula by factoring out the greatest common factor on the rig
Algebra.Com
Question 255000: The amount of an investment of P dollars for f years at a simple interest rate r is given by A=P+Prt
a) Rewrite this formula by factoring out the greatest common factor on the right hand side.
b) Find A if $8,300 is invested for 3 years at a simple interest rate of 15%
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a)A=P(1+rt)
b)A=8300(1+15*3)
Multiply the 3*15 then add 1 to it.
Then multiply by 8300
RELATED QUESTIONS
The amount of an investment of P dollars for t years at simple interest rate r is given... (answered by nerdybill)
Amount of an investment. The amount of an investment of P dollars for t years at simple... (answered by Monarch)
Amount of an investment. The amount of an investment of P dollars for t years at simple... (answered by ankor@dixie-net.com)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by stanbon)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by nerdybill)
96. Amount of an Investment
The amount of an investment of P dollars for t years at... (answered by Earlsdon)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by Earlsdon)
Amount of an investment. The amount of an investment of P dollars for t years at simple... (answered by rfer)
Amount of an investment. The amount of an investment
of P dollars for t years at simple... (answered by rfer)