SOLUTION: HELP PLEASE.....I don't understand how to solve this homework question... The amount of an investment of P dollars for t years at simple interest rate r is given by A = P+Prt A

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: HELP PLEASE.....I don't understand how to solve this homework question... The amount of an investment of P dollars for t years at simple interest rate r is given by A = P+Prt A      Log On


   

Question 417618: HELP PLEASE.....I don't understand how to solve this homework question...
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 factring out the GCF on the right hand side
B) Fina A if $8300 is invested for 3 years at a simple interest rate of 15%
Thank you SOOOO much!!!!!
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
A+=+P%2A%281+%2B+rt%29
given:
r+=+.15
t+=+3
P+=+8300
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A+=+8300%2A%281+%2B+.15%2A3%29
A+=+8300%2A1.45
A+=+12035
$12,035