Homework Help: math

Posted by melanie on Saturday, March 27, 2010 at 8:34pm.

Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $240 in interest after 3 years. How much money should he deposit?

math - Ms. Sue, Saturday, March 27, 2010 at 8:39pm
240/3 = 80

0.016x = 80
x = 5,000

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 - you invest 200.00 into a savings account that earns 2% simple interest. ...
math - Jill deposited $650 in a savings account with two percent simple interest...
math - Evelyn opened a savings account that pays 7.5% simple interest. She ...
Social Studies - I was wondering if I could check my answers with someone. I'...

For Further Reading

First Name:
School Subject:
Answer: