Question

Help with this one pls!


Round answer to nearest dollar

Answer 1

Answer:

Interest she earns in 8 months:

i = 31822 x 5/100 x 8/12 = 1060.7$

Hope this helps!

:)

Answer 2

Answer: $1,066.04

Step-by-step explanation:

$Formula: i=prt$

principal: $31,822

rate: 5% = 0.05

time: 8 months = 0.67 years

Convert 5% to decimal. You can do this by dividing by 100.

$\frac{5}{100} =0.05$

Convert 8 months to years.

$8months(\frac{1year}{12months} )=0.67year$

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Plug in the formula:

$i=(31822)(0.05)(0.67)\\i=1066.04$