Suppose that $1200 is borrowed for three years at an interest rate of 8.5% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent. If necessary, refer to the list of financial formulas X A flower bed is in the shape of a rectangle. It measures 8 yd long and 3 yd wide. Justin wants to use mulch to Conversion facts for length cover the flower bed. The mulch is sold by the square 1 foot (ft) = 12 inches (in) foot. Use the facts to find the area of the flower bed in square feet. 1 yard (yd) = 3 feet (ft) 1 yard (yd) = 36 inches (in) X Ryan takes out a loan for his college tuition from a bank that charges simple interest at an annual rate of 5.35%. His loan is for $7700 for 8 months. Assume 1 each month is 7 of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. a) Find the interest that will be owed after 8 months. X (b) Assuming Ryan doesn't make any payments, find the amount owed after 8 months. $