Solution) Amount of an investment, the amount of an investment of P dollars for t years at simple rate r is gi


Question: Amount of an investment, the amount of an investment of P dollars for t years at simple rate r is given by \(P+Prt\)

a) Rewrite this formula by factoring the 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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