Factoring out greatest common factor

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Reference no: EM13118495

The amount of an investment of P dollars for t years at simple interest rate of 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 rate of 15%.

Reference no: EM13118495

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