SOLUTION: 96. Amount of an investment. 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
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-> SOLUTION: 96. Amount of an investment. 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
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Question 189516: 96. Amount of an investment. 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%.
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92. Glass prism. One end of a glass prism is in the shape of a triangle with a height that is 1 inch longer than twice the base. If the area of the triangle is 39 square inches, then how long are the base and height?
You can put this solution on YOUR website! 96. Amount of an investment. 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%.
Part a:
A = P + Prt
A = P(1 + rt)....This is the factored form.
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Part b:
I will set it up and you can finish.
A = 8300[1 + 0.15(3)]
Simplify the right side and you will find A.
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