Answer:
Interest = $ 30.59
Proceedings = $ 844.41
Explanation:
Principal = $875
Rate of Interest (r) = 10.5%
Time(t) = 120 days = 0.33 years
n = number of times the interest rate is compounded in one year
⇒ n = 12

Now, Interest = Compound Interest - Principal
⇒ Interest = 905.59 - 875
= $ 30.59
And the proceedings are = Principal - Interest
= 875 - 30.59
= $ 844.41