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One square kilometer is 247.11 acres. Half that is 123.6 acres.
If you mean eighty seven and a half hundredths, then this would be 0.875 acres or 7/8 of an acre
That is 3.45 acres- not quite 3 and a half.
320 acres. A full section contains 640 acres.
It is neither. An acre is 1 (or 1.0) acres, half an acre is 0.5 acres. 0.247 is close to 1/4 (which is exactly 0.25).