SOLUTION: Please help me I really do not understand this word problem and I would like to think you in advance for all the help. The amount of an investment of p dollars for t years at si

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Question 171671: Please help me I really do not understand this word problem and I would like to think you in advance for all the help.
The amount of an investment of p dollars for t years at simple interest rate r is given by A=P + Prt
A) rewrite this formula by factoring out the greatest common factor on the right-hand side.
B) find a if $8300 is invested for 3 years at a simple interest rate of 15%.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The amount of an investment of p dollars for t years at simple interest 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 interest rate of 15%.
A = 8300(1+0.15*3)
A = 8300(1.45)
A = $12035.00
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Cheers,
Stan H.