WolfLover3
contestada

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $192 in interest after 3 years. How much money should he deposit?

Respuesta :

sqdancefan
I = Prt
$192 = P*.016*3
$192/.048 = P = $4000

Bert should deposit $4000 to reach his interest goal.

Answer

4000

Step-by-step explanation:

192/3

so 64$ per year intrest.

then 64 is 1.6% of what?

its 4000

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