Question

$4,000
$40
$400
$3,072

Answer 1

idk

Answer 2

The formula for simple interest is Investment Amount*Time*Percent=Interest

n can represent the amount of the original investment (since we do not know it)

So, its
n*2*0.016=192

Now, let's do some guess and check for the value of n. :D

(I did this work elsewhere, so I'll show you my answer after guessing and checking.)

Let's try $6000

6000*2*0.016=$192

Therefore, Bert will have to invert $6000 to get $192 simple interest after 2 years at 1.6%

Answer 3

Good job, Drew. You beat me to it.

Answer 4

xD