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Mathematics

AllisonKookie:

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

3 months ago
jhonyy9:

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

3 months ago
jhonyy9:

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

3 months ago
AllisonKookie:

yes

3 months ago
psirockin2:

Yes, that's correct. Good job

3 months ago
jhonyy9:

ty

3 months ago
AllisonKookie:

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

3 months ago
psirockin2:

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

3 months ago
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