document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=168340>Question 168340</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Amount of an investment. The amount of an investment<BR>\n" );
document.write( "of P dollars for t years at simple interest rate r is given by<BR>\n" );
document.write( "A = P + Prt.<BR>\n" );
document.write( "a) Rewrite this formula by factoring out the greatest<BR>\n" );
document.write( "common factor on the right-hand side.<BR>\n" );
document.write( "b) Find A if $8300 is invested for 3 years at a simple<BR>\n" );
document.write( "interest rate of 15%. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #124067 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=124067\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A = P + Prt.<BR>\n" );
document.write( "a) Rewrite this formula by factoring out the greatest<BR>\n" );
document.write( "common factor on the right-hand side.<BR>\n" );
document.write( "A = P(1+rt)<BR>\n" );
document.write( "----------------<BR>\n" );
document.write( "b) Find A if $8300 is invested for 3 years at a simple<BR>\n" );
document.write( "interest rate of 15%.<BR>\n" );
document.write( "A = 8300(1 + 0.15*3)<BR>\n" );
document.write( "A = $12035.00<BR>\n" );
document.write( "================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );