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September 2, 2014

September 2, 2014

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

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