Answer: the interest is $2284
Step-by-step explanation: P= $85,660
r= 8% or .08
t= 4 months
Since interest is earned annually and the time period is 4 months, you have divide 4 by 12 (4/12). That gives you 0.333etc...
Next, 85,660•.08•0.3333= 2284(rounded)
