# SOLUTION: 96.) Amount of an investment. The amount of an investment of P dollars for T years at simple interest rate R is given by A = P + Prt. a) Rewrite the formula by factoring out the

Algebra ->  Algebra  -> Test  -> Lessons -> SOLUTION: 96.) Amount of an investment. The amount of an investment of P dollars for T years at simple interest rate R is given by A = P + Prt. a) Rewrite the formula by factoring out the      Log On

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 Question 163405This question is from textbook Elementary and Intermediate : 96.) Amount of an investment. The amount of an investment of P dollars for T years at simple interest rate R is given by A = P + Prt. a) Rewrite the formula by factoring out the greatest common factor on the right - hand side. b) Find A if \$8300 is invested for 3 years at a simple interest rate of 15%. This question is from textbook Elementary and Intermediate Answer by elima(1433)   (Show Source): You can put this solution on YOUR website!A = P + Prt a) A= P(1+rt) b) A = 8300(1+(.15)(3)) A = 8300 + 3735 A=12035 :)