Question

Sharmi and Reese each deposit money into a savings account. Sharmi deposits $300 less than Reese. After the same amount of time, Reese has earned $180 in interest at a rate of 3% per year, and Sharmi has earned $270 in interest at a rate of 6% per year. How much money did Reese and Sharmi initially deposit into their savings accounts?

A) Reese initially deposited $324, Sharmi initially deposited $24.

B) Reese initially deposited $900, Sharmi initially deposited $600.

C) Reese initially deposited $1,200, Sharmi initially deposited $900.

D) Reese initially deposited $1,620, Sharmi initially deposited $1,300.