Jack invested $2000 in fund A and $2000 in fund B. Over the next two years, the money in Fund A earned a total interest of 12 percent for the two years combined and the money in fund B earned 30 percent annual interest compounded annually. Two years after Jack made these investments. Jack's investment in fund B was worth how much more than his investment in fund A?	Answers:
A) 1. $1000 B) 2. $1500 C) 3. $900 D) 4. $1140 E) 5. $700
interest on fund A will be 240. rate of interest will be 6% per annum simple interest as 12% is for 2 year. this will make investment A 2240 at the end of 2nd year.   interest on fund B will be 1380 on 30% interest compounded annually. This will make investment B 3380 at the end of 2nd year.   4. $1140ifference in investment B and investment A=3380-1690=1140   answer is 4. $1140.
<result>D</result>
Jack invested $2000 in fund A and $2000 in fund B. Over the next two years, the money in Fund A earned a total interest of 12 percent for the two years combined and the money in fund B earned 30 percent annual interest compounded annually. Two years after Jack made these investments. Jack's investment in fund B was worth how much more than his investment in fund A?