Question

Three thousand dollars are invested in an account paying 6% interest, and half that amount is invested at 4%.

Which of the following expressions represents the amount of interest earned on the money invested at 4%?
0.04(1,500)
0.04(3,000)
0.02(3,000)
4(1,500)

Answer 1

1500 dollars are invested
4%, so 0.04
0.04(1500)