Question

Ernie deposited $4000 between two savings accounts. One account paid 4% simple interest and the other paid 2%. At the end of one year, Ernie had earned $140 in interest for both accounts. How much money did Ernie deposit in the account that paid 4% interest?

A) $2000
B) $2500
C) $2800
D) $3000

Answer 1

D) 3000
4000
-140
=3000