Asked by fsd
Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $384 in interest after 3 years. How much money should he deposit?
A.
$6,144
B.
$80
C.
$8,000
D.
$800
A.
$6,144
B.
$80
C.
$8,000
D.
$800
Answers
Answered by
oobleck
i = Prt, so you want
P*.016*3 = 384
P*.016*3 = 384
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.