Let's begin by identifying key information given to us:
Principal (p) = $690
Interest rate (r) = 7% = 0.07 per year
Time (t) = 8 years
The amount of money that Ji-yoon has in 8 years is calculated as shown below:
[tex]\begin{gathered} I=p\times r\times t \\ I=690\times0.07\times8=386.4 \\ I=\text{ \$}386.40 \\ \\ \text{The total amount Ji-yoon has after 8 years is:} \\ Total=\text{\$(}386.40+$690$) \\ Total=\text{\$}1,076.40 \end{gathered}[/tex]