document.write( "Question 397945: The amount of an investment of P dollars for t years at simple interest rate r is given by A = P + Prt.
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document.write( "a) Rewrite this formula by factoring out the greatest
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document.write( "common factor on the right-hand side.
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document.write( "b) Find A if $8300 is invested for 3 years at a simple
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document.write( "interest rate of 15%. \n" );
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Algebra.Com's Answer #282029 by ankor@dixie-net.com(22740) You can put this solution on YOUR website! The amount of an investment of P dollars for t years at simple interest rate r \n" ); document.write( " is given by A = P + Prt. \n" ); document.write( ": \n" ); document.write( "a) Rewrite this formula by factoring out the greatest \n" ); document.write( "common factor on the right-hand side. \n" ); document.write( "A = P(1 + rt) \n" ); document.write( "; \n" ); document.write( "b) Find A if $8300 is invested for 3 years at a simple \n" ); document.write( "interest rate of 15%. \n" ); document.write( "A = 8300(1 + (.15*3)) \n" ); document.write( "A = 8300 * 1.45 \n" ); document.write( "A = $12,035 \n" ); document.write( " |