Question

$3,000 is invested in an account paying 4% interest and twice that amount is invested at 6%.

Which of the following expressions represents the amount of interest earned on the money invested at 6%?



0.06(3,000)
0.06(6,000)
2(3,000)

Answer 1

$3,000 is invested in an account paying 4% interest and twice that amount is invested at 6%.

Which of the following expressions represents the amount of interest earned on the money invested at 6%?

0.06(6,000)

Answer 2

The answer will be the second option. What you need to do in order to see the answer is twice the amount of
$3,000 = $6,000 and 6% = 0.06
This is how you can get the result. That is how you can get the expression of interest earned. Hope this works for you