5. Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $192 in interest after 2 years. How much money should he deposit?

It’s 8000 y’all mad a big oof

it is not the answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!

To find out how much money Bert should deposit, we can use the formula for calculating simple interest:

Interest = Principal * Rate * Time

In this case, the interest Bert wants to earn is $192, the rate is 1.6%, and the time is 2 years. Let's substitute these values into the formula and solve for the principal:

192 = Principal * 0.016 * 2

Simplifying the equation, we have:

192 = Principal * 0.032

Now, divide both sides of the equation by 0.032 to solve for the principal:

Principal = 192 / 0.032

Using a calculator, we can find that:

Principal = $6,000

Therefore, Bert should deposit $6,000 in order to earn exactly $192 in interest after 2 years.

$4000

192 /2 = 96 for a year

96 is equal to 1.6 / 100 = 16/1000 = 2/125x

125/2 * 96 = x

6000=x

so he should depoist 6000 dollars

Interest = Principle x rate x time

192 = P(.016)(2)

P = 6000

The answer is $5000 trust me