*Correct Me :D !!

Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus’s account balance be in 8 months?

$2,015.34

Question

*Correct Me :D !! 

Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus’s account balance be in 8 months?

 $2,015.34<-----

 $1,571.85

 $1,508.49

 $1,550.73
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MY WORK ****
1508.49*4.2%*8+1508.49=2015.34264 ?

anonymous · Answer

You're decimal is off for the interest rate. Should be multiplying by .042

anonymous · Answer

1508.49*.042+1508.49 = ?

jim_thompson5910 · Answer

also keep in mind that it's in the account for 8 months, not a full year

jim_thompson5910 · Answer

so t = 8/12 and not t = 1

jim_thompson5910 · Answer

oh and it's definitely not t = 8 either, unless you wanted the money to stay in for 8 years