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-At the End of T Years, the Amount of Money

Question 153

Multiple Choice

Solve.
-At the end of t years, the amount of money A in a savings account earning simple interest from an initial investment of P\mathrm { P } dollars at monthly rate r\mathrm { r } is given by the formula A=P+12Prt\mathrm { A } = \mathrm { P } + 12 \mathrm { Prt } . Write an equivalent equation by factoring the expression P+12\mathrm { P } + 12 Prt.


A) A=P(12+\mathrm { A } = \mathrm { P } ( 12 + Prt ) )
B) A=P(12+rt) \mathrm { A } = \mathrm { P } ( 12 + \mathrm { rt } )
C) A=P(P+12rt) A = P ( P + 12 r t )
D) A=P(1+12rt) \mathrm { A } = \mathrm { P } ( 1 + 12 \mathrm { rt } )

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