Solve
-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 $\mathrm { P }$ dollars at monthly rate $\mathrm { r }$ is given by the formula $\mathrm { A } = \mathrm { P } + 12 \mathrm { Prt }$ . Write an equivalent equation by factoring the expression $\mathrm { P } + 12$ Prt.

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

---

Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds in its treasury for future use.

Accounting

The information system that identifies, records, and communicates the economic events of an organization to interested users.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock.

Total Assets

The sum of all resources owned by a company, expressed in monetary terms, including both current and non-current assets.