A) You invest $800 on May 25, 2018. On what day will you have earned exactly $31.96 of interest if your investment earns simple interest at r = 6%?

Select one:

a. January 25, 2019

b. January 22, 2019

c. January 23, 2019

d. January 24, 2019

B)

$10,000 was deposited into an investment account earning interest at a nominal rate of 9% compounded monthly for eight years. How much interest was earned in the fifth year?

Select one:

a. 1468.72

b. 1270.42

c. 1303.11

d. 1342.76

Please, explain the solutions