Assignment:
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%.
Provide complete and step by step solution for the question and show calculations and use formulas.