document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=200554>Question 200554</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 96.  Amount of an Investment\r<BR>\n" );
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document.write( "The amount of an investment of P dollars for t years at simple interest rate r is given by A = P + prt\r<BR>\n" );
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document.write( "a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.\r<BR>\n" );
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document.write( "b) Find A if $8300 is invested for 3 years at a simple interest rate of 15%.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #150958 by </B><A HREF=/tutors/aboutme.mpl?userid=Earlsdon><B>Earlsdon(6294)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Earlsdon><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=150958\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> a) A = P+Prt can be expressed as:<BR>\n" );
document.write( "A = P(1+rt)<BR>\n" );
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document.write( "b) If P (Principal) = $8,300.00, r (Rate) = 15% (0.15), and t (Time) = 3 years, and r (Rate) = 15% (0.15), then:<BR>\n" );
document.write( "A = $8,300(1+0.15(3))<BR>\n" );
document.write( "A = $8,300(1.45)<BR>\n" );
document.write( "A = $12,035 </SPAN>\n" );
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