document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=76322>Question 76322</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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%. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #54765 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=54765\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The amount of an investment of P dollars for t years at simple interest rate r is given by A = P + Prt. <BR>\n" );
document.write( "a) Rewrite this formula by factoring out the greatest common factor on the right hand side.<BR>\n" );
document.write( "A = P(1+rt)<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" );
document.write( "A = 8300(1+(0.15)*3)<BR>\n" );
document.write( "A = 8300(1.45)<BR>\n" );
document.write( "A = $12,035<BR>\n" );
document.write( "============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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