Rachel invested $15,000 in an account that paid 5% simple interest. After one year, the amount of money in the account can be found using the formula A = P + PRT. How much money was in the account after 3 years?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.4: Solving Quadratic Equations By Factoring
Problem 1BGP
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Rachel invested $15,000 in an account that paid 5% simple interest. After one year, the amount of money in the account can be found using
the formula A = P+ PRT. How much money was in the account after 3 years?
O $2,250
O $240,000
$225,000
O $17,250
O 69°F Partly cloudy
o search
Del
Insert
F12
Prt Sc
F10
F9
F8
F7 A-
Bac
Transcribed Image Text:Rachel invested $15,000 in an account that paid 5% simple interest. After one year, the amount of money in the account can be found using the formula A = P+ PRT. How much money was in the account after 3 years? O $2,250 O $240,000 $225,000 O $17,250 O 69°F Partly cloudy o search Del Insert F12 Prt Sc F10 F9 F8 F7 A- Bac
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