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Micah deposited $4000 between two savings account. One account earns 4% simple interest each year. The other account earns 2% simple interest. Last year Micah earned $140 interest on the accounts.

What amount was originally deposited into the account that pays 4% interest?

A) $2500

B) $3000

C) $850

D) $950

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Question

Mathematics

Hugh

16 July, 19:57

Will give brainliest

Micah deposited $4000 between two savings account. One account earns 4% simple interest each year. The other account earns 2% simple interest. Last year Micah earned $140 interest on the accounts.

What amount was originally deposited into the account that pays 4% interest?

A) $2500

B) $3000

C) $850

D) $950

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+2

Answers (1)

Know the Answer?

Van Lloyd · Answer 1

The answer is B) $3,000

Step-by-step explanation:

You have to take each of the answer choices and find how much interest Micah makes in each account and then you add the interest up from the two accounts and which ever one adds up to $140 is the right answer.