SOLUTION: This is a factoring question The amount of an investment of P dollars for t years at simple interest rate r is givn by A = P + Prt. Rewrite this formula by factoring out the gre

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Question 49174This question is from textbook
: This is a factoring question
The amount of an investment of P dollars for t years at simple interest rate r is givn by A = P + Prt. Rewrite this formula by factoring out the greatest common factor on the right-hand side and find A if $8300 is invested for 3 years at a simple interest rate of 15% This question is from textbook

Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
A = P + Prt
A = P(1 + rt)
A = 8300(1 + 0.15*3)
A = 8300(1.45) = 12,035