Question 5 • FL-2102371-Personal Finance and Money Management
Use the simple-interest formula I = Prt. Henry earns $6,500 × 0.0454 × 8 = $2,360.80, while Walter earns $7,100 × 0.0474 × 8 = $2,692.32. The difference is $2,692.32 − $2,360.80 = $331.52, so the correct choice is $331.52.
AI-written and checked against the verified answer.