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