document.write( "Question 148703This question is from textbook Elementary and Intermediate Algebra
\n" ); document.write( ": 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.\r
\n" ); document.write( "\n" ); document.write( "a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.
\n" ); document.write( "b) Find A if $8300 is invested for 3 years at a simple interest rate of 15%
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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.
\n" ); document.write( ":
\n" ); document.write( "a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.
\n" ); document.write( "\"
\n" ); document.write( "A = Prt + P
\n" ); document.write( "Factor out P
\n" ); document.write( "A = P(rt+1)
\n" ); document.write( ":
\n" ); document.write( "b) Find A if $8300 is invested for 3 years at a simple interest rate of 15%
\n" ); document.write( "A = 8300(.15*3 + 1)
\n" ); document.write( "A = 8300(.45 + 1)
\n" ); document.write( "A = 8300(1.45)
\n" ); document.write( "A = $12,035 \n" ); document.write( "

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