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?

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?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Similar questions

Last year, Lien earned $1,200 more than her husband. Together they earned $41,600. How much did each of them earn? Husband earned $ Lien earned $
Nancy saves $120 per week which represents 8% of her total weekly salary. Find her total weekly salary.
Franscisca has 40 books in her bookcase. That is 32% of the books in the bookcase. How many books are in her bookcase? Use a equation with a variable.
Raman brought in some mini chocolate bars to share with his class. By the time he handed out 1/3 of the bag, he’d given chocolate to 3/4 of his class. How much of the bag was gone once he’d handed out chocolate to his whole class?
Billy had some money. He spent $260 on a coat and 3/7 of the remainder on a backpack. He had 1/5 of his money left. How much money did Billy have at first?
Guna is working at a bookstore. He starts to save money for himself. Guna saves RMP in the first month and his saving increases constantly by RMq for every subsequent month. He saves RM205 in the 8th month and the total saving for 12 months is RM2190. Find the value of p and q.
A women invests part of the $10,000.00 at 8% annual interest and the rest at 9%. Her annual income from these investments is $860.00. How much did she invest at 9%?
Ahmad had $160 more than Billy. Ahmad gave 20% of his money to Billy. Billy then gave half of his money to AHmad. In the end, Ahmad had $180 more than BIlly. How much did Billy have in the end?
Janet collected 4 times as many bags of cans as her friend. If her friend collected 0.87 of a bag, how much did Janet collect?
Shawn downloads movies at a base price of $2 per movie. If he downloads 5 movies, he will get a 25% discount. How much will Shawn save on the base price if he downloads 5 movies?
Elvin can buy 5 chocolate bars using 2/5 of his money. He can buy 3 chocolate bars and 18 sweets with the rest of his money. If he only buys sweets, how many sweets can he buy with all his money?
Ronny cuts hair as a side hustle. He has to pay rent (500$) to cut hair in the barbershop for 5 days. Ronny so far has made $1000. He can make $20 each head he cuts. How many haircuts would Ronny have cut to make $2000 in profit?