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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):
OK, the formula you want to use to calculate the the amount Bert would have to deposit is Amount*Time*Percent = Interest
OpenStudy (anonymous):
so you would do 192=p*016*3 and solve for p yeah?
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