# A man invests a certain amount of money at 2% and $800 more than that amount in another account at 4% interest. At the end of the one year, he earned $112 in interest. How much money was invested in each account?

##### 1 Answer

Oct 24, 2016

#### Answer:

#### Explanation:

As the time is only 1 year, it does matter whether it is simple or compound interest.

Define each amount of money using a variable.

Let the smaller amount of money (at 2%) be

The larger amount (at 4%) is

The interest on the first amount =

The interest on the larger amount =

The total interest is