SOLUTION: please help me slve this equation, Thank you.
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) Re
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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) Re
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Question 205714: please help me slve this equation, Thank you.
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%. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! 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.
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+0.45)
A = 8300(1.45) = $12035.00
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Cheers,
Stan H.
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