5. Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $192 in interest after 2 years. How much money should he deposit?

Answer 1

192 /2 = 96 for a year

96 is equal to 1.6 / 100 = 16/1000 = 2/125x

125/2 * 96 = x

6000=x

so he should depoist 6000 dollars

Answer 2

Interest = Principle x rate x time
192 = P(.016)(2)

P = 6000

Answer 3

it is not the answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 4

The answer is $5000 trust me

Answer 5

$4000

Answer 6

It’s 8000 y’all mad a big oof