A invests a certain amount at 5% simple interest per annum and B invests the remaining amount at 3% simple interest per annum for 2 years. If the tota...

Question

A invests a certain amount at 5% simple interest per annum and B invests the remaining amount at 3% simple interest per annum for 2 years. If the total amount invested by A and B together is $4000 and both receive the same simple interest, what is the amount invested by A?

Options

A.

$1300$

B.

$1500$

C.

$2500$

D.

$2700$

E.

$2100$

simple interestinvestmentratiobanking exam

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