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Amount of an investment.

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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. Explain how you completed this.

(B) Find "A" if $8300 is invested for 3 years at a simple interest rate of 15%. Explain how you completed this.

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This solution is comprised of a detailed explanation to rewrite this formula by factoring out the greatest common factor on the right-hand side.

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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 ...

Purchase this Solution
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