Posted by **naine** on Sunday, September 5, 2010 at 2:36pm.

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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