Question

Zachary invests $400 into an account that earns 3.5% simple interest for 5 years. He does not make any other deposits or withdrawals.
At the end of 5 years, Zachary invests the entire account balance into a different account that earns 5% simple interest. He leaves the money in the account for 2 years without making any additional deposits or withdrawals.

What is the new account balance at the end of 2 years?

Drag and drop values into the boxes to correctly complete the statements.

Zachary invests $Response area into the account that earns 5% simple interest. At the end of 2 years, the account balance is $Response area.

Answer 1

Answer:

Zachary invests $470 into the account that earns 5% simple interest. At the end of 2 years, the account balance is $517.

Step-by-step explanation:

took the test

Answer 2

Answer:

Zachary invests $470 into the account that earns 5% simple interest. At the end of 2 years, the account balance is $517

Step-by-step explanation:

I took the test