SOLUTION: The amount of an investment of P dollars for f years at a simple interest rate r is given by A=P+Prt a) Rewrite this formula by factoring out the greatest common factor on the rig

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: The amount of an investment of P dollars for f years at a simple interest rate r is given by A=P+Prt a) Rewrite this formula by factoring out the greatest common factor on the rig      Log On


   



Question 255000: The amount of an investment of P dollars for f years at a 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 $8,300 is invested for 3 years at a simple interest rate of 15%

Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
a)A=P(1+rt)
b)A=8300(1+15*3)
Multiply the 3*15 then add 1 to it.
Then multiply by 8300