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?

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter10: Quadratic Equations

Section10.4: Solve Applications Modeled By Quadratic Equations

Problem 10.84TI: A man throws a ball into the air with a velocity of 96 ft/sec. Use the formula h=16t2+v0t to...

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Question

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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