to the risk of sounding redundant.
keeping in mind that 8 months is not even a year, and since there 12 months in a year, then 8 months is 8/12 years
[tex]\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$3350\\ r=rate\to 6.25\%\to \frac{6.25}{100}\dotfill &0.0625\\ t=years\to \frac{8}{12}\dotfill &\frac{2}{3} \end{cases} \\\\\\ A=3350\left[1+(0.0625)\left(\frac{2}{3} \right) \right]\implies A=3350(1.041\overline{6})\implies A\approx 3489.58[/tex]
