Bert is planning to open a savings account that earns 1.6% simple interest yearly. he wants to earn exactly $160 in interest after 2 years. how much money should he deposit?

To solve for the Principal amount, we will use the formula:

                              P = I / rt

P = principal amount; which is the amount that we will be solving for.

I = the interest accrued within the allotted time frame. ($160)

r = the interest rate percentage. (1.6%)

t = the time frame that the money will accrue interest. (2 years)

Before we can plug in the numbers into our formula, we need to convert our percent into a decimal. To do this, move the decimal two places to the left. This will leave us with 0.016. We'll use that for "r".

Let's plug in the numbers:

P = 160 / (0.016) (2)

Multiply your bottom numbers together for 0.016 x 2 =0.032

P = 160 / 0.032

Divide now.

160 ÷ 0.032 = 5,000.

This tells us that, Bert will need to deposit $5,000 into the savings account to earn $160 within 2 years with a 1.6% interest rate.

8

step-by-step explanation:

to find the amount of gift bags to use all the supplies, find the gcf or greatest common factor. this is the largest number which multiplies evenly into each term.

48 has factors: 1, 2, 3, 4, 6, 8, 12. 16, 24, 48

80 has factors: 1, 2, 4, 5, 8, 10, 16, 20, 40, 80

64 has factors: 1, 2, 4, 8, 8, 16, 32, 64

the highest number factor they all share in common is 8. this means there will be 8 bags with 6 pencils, 10 markers, and 8 stickers in each bag.