Purchase Solution

Amount of an investment word Problem.

Not what you're looking for?

Ask Custom Question

Amount of an investment of P dollars for t years at simple interest rate r is given by A = P+Prt.

a) Re-write 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%

Purchase this Solution
Solution Summary

The solution has the correct answer with proper details. Enjoy the material and remember my name to restrict postings for me in the system.
Thanks.

Purchase this Solution
Free BrainMass Quizzes
Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Probability Quiz

Some questions on probability

View More Free Quizzes
Related BrainMass Solutions

  • Paybck Method and Price of Bonds

    The YTM and the price have an inverse relationship. Problem 2) Assume a $40,000 investment and the following cash flows for two alternatives.

  • Writing Equation Word Problems: Factoring

    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 +Prt. a) Rewrite this formula by factoring out the greatest common factor on the right-hand side.

  • Algebra Problem

    Since the three friends each have different risk tolerances and investment strategies, they decided that each of them would receive a certain amount of money to invest for the future.

  • Solving Equations and Word Problems

    Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what amount of interest would be earned by an investment of $2500? Solution: Assuming the earned interest by an investment of 2500 is .

  • Finance problem set: Future value, present value etc.

    He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside? A) $697.00 B) 627.93 C) $823.15 D) 531.81 2.

  • Basic College Algebra Questions

    An initial investment of $1000 is appreciated for 8 years in an account that earns 9% interest, compounded annually. Find the amount of money in the account at the end of the period. 2. Let f(x) = 3x. Find f(2). 3.

  • Accounting:Return on investment and residual income.

    The solution is presented in a Word document. The solution is clear and concise. Thank you. The problem deals with estimating the residual income and return on investment for selected data.

  • Word Problems and Systems of Equations

    HOw many grams of each alloy is required to produce 80 grams of a new alloy that is 34 % silver if the amount of 30% alloy used is twice the amount of 22% alloy used. Investment Monica receives an $80,000 inheritance.

  • Simple and Compound Interest Transactions.

    Over a period of years, an investment in an account which pays 6 percent simple interest will: a. earn the same dollar amount of income as an account returning 7 percent simple interest.

  • Finance: Time value of money concept.

    You can finance your purchase through the dealer at an annual rate of 24% for 24 months. The dealer requires a down payment of $8,000. a. What will be the amount of your monthly payments? b.

View More Related Solutions