Ok so I’m going to try my best: I’m guessing you would do $960 times 6.1 but you move the decimal point twice to the left which would be: .061 This is how we find out each month 58.56 So, we start out with $960 we keep adding 58.56 or to do faster we can multiply Adding 58.56: 1 = 1018.56 2 = 1077.12
Multiplying 58.56 by 13: KEEP IN MIND THAT WE START FROM $960 and we need TO GET TO $1,720 58.56 times 13 equals 761.28 Then we add 960 + 761.28 1721.28
So it would have to be 12 months since it needs to be less or “to the nearest year” Therefore, the answer would be a year
