Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $224 in interest after 2 years. How much money should he deposit? Can someone help me out I’m kind of struggling

$7000

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 1.6%/100 = 0.016 per year,

then, solving our equation

P = 224 / ( 0.016 × 2 ) = 7000

P = $ 7,000.00

The principal required to

accumulate interest of $ 224.00

on a rate of 1.6% per year for 2 years is $ 7,000.00.

something over 10 so ? /10

step-by-step explanation:

f . i can go whenever i feel like it bc it is confidential meaning only i would know how much i deposited besides the bank and they wouldnt care bc when you make a deposit you are using their services which means they are using there competition and gaining more customers

and if they dont well then thats less customers for them in a less profitable way

plz mark brainliest