Question

Last math question for a while:
Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $128 in interest after 2 years. How much money should he deposit?

A. $4,000

B. $2,048

C. $40

Answer 1

so you need calcule $128/2 what mean the 1,6% yearly interest may be of what sum of money from choice A. or B. or C

Answer 2

$128/2 so bc. given this sum for 2 years

yes ?

Answer 3

yes

Answer 4

Yes, that's correct. Good job

Answer 5

ty

Answer 6

i am a tad bit confused on what the answer is supposed to be though..

Answer 7

Divide 128 by 2 and all the answers by 2.

Then multiply all of the answers by 0.016 and see which one matches up to an interest yield of 64