Sunday

January 25, 2015

January 25, 2015

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

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%.

- math -
**Reiny**, Sunday, September 5, 2010 at 3:04pmI am sure you meant to type

Amount = P + Prt

which becomes

a) Amount = P(1 + rt)

b) Amount = 8300)1+.15(3)) = 12 035

**Answer this Question**

**Related Questions**

Math - The amount of an investment of P dollars for t years at simple interest ...

Algebra - Amount of an investment. AMount of an investment rate r is given by A=...

math - Amount of an Investment. The amount of an ivestment of P dollarsfor T ...

Algebra 2 - a total of $1381.8 per year is received in interest from three ...

Math - An investment adviser invested $14,000 in two accounts. One investment ...

compound interest - How do I solve these problems? Complete the table for a ...

-Math-Desperate - An investment adviser invested $14,000 in two accounts. One ...

Algebra 2 - P dollars equals to an interest rate r for T years= T=P+Prt. An ...

math - Simple interest the simple interest received from investment is directly ...

math - a formula for calculating simple interest is I = Pr, were I is the ...