Asked by Roger

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 of 15%
Answered by Sarah
a) A=P(1+rt)

b) A=8300*(1+3(.15))
Answered by Reiny
see
http://www.jiskha.com/display.cgi?id=1236188117

for exactly the same question.
Answered by JASMIN
Just a question? Can't two people have the same question? There is hundreds of people on here... Just asking...
Answered by Reiny
yes, of course that can happen.

But instead of typing the solution all over again, doesn't it make sense to direct a student to the other post, when that post contains the solution?
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