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.

Wyatt invests $ (Answer) into the account that earns 8% simple interest. At the end of 5 years, the account balance is (Answer)

Answers: 119.04, 297.60, 599.04, 1479.60, 2096.64

Answer 1

Answer:

297.60 & 1497.60

Step-by-step explanation:

I had the question before and got it right

Answer 2

2,096.64

Explanation:
1200+6.2%x4=1497.6
1497.6+8%x5=2096.64