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Mandarinka [93]
2 years ago
7

Wyatt invests $1200 into an account that earns 6.2% simple interest for 4 years. He does not make any other deposits or withdraw

als.
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
Mathematics
2 answers:
iVinArrow [24]2 years ago
4 0

Answer:

297.60 & 1497.60

Step-by-step explanation:

I had the question before and got it right

WITCHER [35]2 years ago
3 0
2,096.64

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

Slope: 1

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Let's start by finding the slope. To find the slope of a given equation, subtract the y values over the x values.

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This means we have a slope value of 1.

Now, to find an equation. We will find the equation in slope intercept form, or y = mx + b. (In this case, m = the slope and b = the y-intercept, and x and y equal your x and y values fro a given point.)

To get the equation, we need to find the value of b, or the y intercept. To do this, we need to plug in the values we know into the equation.

we know m is the slope, and we know the slope is one so we can place that into the equation. We also know the points (0,-2) (3,1). We can place one of them into the equation for the values x and y.

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I hope this helps! I know my explanation might have been kind of confusing so if you need more help let me know in the comments !

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