<PRE><B>Question 169933</B>
The amount of an investment of P dollars for t years at simple rate r is given by A = p + prt
A) Rewrite this formula by factoring out the greatest common factor on the right hand side.
A = p(1+rt)
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B) Find A if $8300 is invested for 3 years at a simple rate of 15%.
A = 8300(1+0.15*3)
A = 8300(1.45)
A = 12035
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Cheers,
Stan H.</PRE>