[Solution Library] 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+P r t Rewrite this formula
Question: Amount of an investment. The amount of an investment of \(P\) dollars for \(t\) years at simple interest rate \(r\) is given by \(A=P+P r t\)
- Rewrite this formula by factoring out, the greatest common factor on the right-hand side.
- Find A if $8300 is invested for 3 years at a simple interest rate of 15%.
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