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Annette [7]
3 years ago
15

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $192 in interest aft

er 3 years. How much money should he deposit?
Mathematics
1 answer:
TEA [102]3 years ago
6 0
I = Prt
$192 = P*.016*3
$192/.048 = P = $4000

Bert should deposit $4000 to reach his interest goal.
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Expand

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