Wednesday

September 17, 2014

September 17, 2014

Posted by **gio** on Tuesday, November 25, 2008 at 7:27pm.

Pls help me!

- math -
**Ms. Sue**, Tuesday, November 25, 2008 at 7:29pm0.016x = 64

x = $4,000.

- math -
**gio**, Tuesday, November 25, 2008 at 7:53pmpls explain further so I can understand

- math -
- math -
**Ms. Sue**, Tuesday, November 25, 2008 at 8:01pmYou need to earn half of $128 a year. So, you'll need to earn $64 a year.

Let x = the amount of money he should deposit. The account earns 1.6% or 0.016.

Using simple algebra, I set up the equation and solved for x.

0.016x = 64

0.016x/0.016 = 64/0.016

x = $4,000

Does that help?

**Answer this Question**

**Related Questions**

math - 5. Bert is planning to open a savings account that earns 1.6% simple ...

math - Bert is planning to open a savings account that earns 1.6% simple ...

math - Bert is planning to open a savings account that earns 1.6% simple ...

math - Bert is planning to open a savings account that earns 1.6% simple ...

Math - I want to open a savings account that earns 1.6% simple interest yearly. ...

6 grade algebra - cindy earns 6% simple interest each year on her savings ...

math - Samantha opened a savings account and deposited some money into the ...

Algebra - A mother wants to invest 8,000 dollars into her child's college fund. ...

math - you deposit $ 900 in a savings account that earns 4%interest coumpounded ...

Math - a person deposited $500 in a savings account that pays 5% annual interest...