bearing in mind that, 8months of 12 months total for a year, is 8/12, that is 2/3... then
[tex]\bf \qquad \textit{Simple Interest Earned}\\\\
I = Prt\qquad
\begin{cases}
I=\textit{interest earned}\to &\$95\\
P=\textit{original amount deposited}\\
r=rate\to 4.7\%\to \frac{4.7}{100}\to &0.047\\
t=years\to \frac{8}{12}\to &\frac{2}{3}
\end{cases}
\\\\\\
95=P\cdot 0.047\cdot \cfrac{2}{3}[/tex]
solve for P
