Asked by Alyssa

Find the simple interest and the final value of the deposit that earns the given rate for the indicated length of time. Round your answers to the nearest cent.
$8439 earning 8% for 1.4 years
?
Answered by Ms. Sue
Use this formula and plug in the numbers.

Interest = principal * rate * time

Note: Use 0.08 for 8%

Jacqueline, etc. -- please use the same name for your posts.
Answered by jacqueline
945.168 and round to nearest cent. is 950?
Answered by Ms. Sue
Your arithmetic is correct. Your rounding is wrong.

945.168 is nine hundred, forty-five, and 168 thousandths.

945.168 rounds to $945.17.

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