math

 

   Lionel deposited $3,631.23 in a savings account that earns 1.9% simple interest. What will Lionel's account balance be in 8 months?     

 

   3631.23  x  0.019   =      68.99    interest after twelve months     

       68.99  x  ( ⁸/₁₂ )  =      46.00    interest after eight months     

   3631.23  +  46.00   =  3677.23    interest plus principal after eight months     

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