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OpenStudy (anonymous):
Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $192 in interest after 3 years. How much money should he deposit?
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OpenStudy (anonymous):
I = P r t I for Interest. P for Principal. r for Rate. t for time. You can use this equation to figure it out.
OpenStudy (anonymous):
???? @rere234
OpenStudy (anonymous):
You don't understand? Plug in the values. In your case, I = $192 P isn't given. r is 1.6%. t is 3
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