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WINSTONCH [101]
3 years ago
10

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $144 in interest aft

er 3 years. How much money should he deposit?
Mathematics
1 answer:
V125BC [204]3 years ago
3 0
I=PRT
144=(x)(0.016)(3) 
144=0.048x
x    =3000

Therefore Bert will need to invest $3000 to earn $144 on interest from a 1.6% rate for 3 years.

I hope this helps you.
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