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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 be deposit? Answers: A: $6,000 B: $600
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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 be deposit?

Answers:
A: $6,000
B: $600
C: $60
D: $3,072

User KCK
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8.3k points

1 Answer

3 votes

B is correct. Hope I helped yah.

User Danilo Pianini
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7.6k points
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