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.

Question

$8439 earning 8% for 1.4 years
?

Answer 1

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.

Answer 2

945.168 and round to nearest cent. is 950?

Answer 3

Your arithmetic is correct. Your rounding is wrong.

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

945.168 rounds to $945.17.