Question

Wyatt invests $1200 into an account that earns 6.2% simple interest for 4 years. He does not make any other deposits or withdrawals.
At the end of 4 years, Wyatt invests the entire account balance into a different account that earns 8% simple interest. He leaves the money in the account for 5 years without making any additional deposits or withdrawals.

What is the new account balance at the end of 5 years?

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

Answer 1

Answer:

297.60 & 1497.60

Answer 2

297.60 and 1497.60 :)