Mike invested $2000 in fund A and $1000 in fund B. Over the next Three years, the money in Fund A earned a total interest of 18 percent for the three years combined and the money in fund B earned 30 percent annual interest compounded annually. Three years after Mike made these investments. Mike's investment in fund A was worth how much more than his investment in fund B?	Choose the correct choice from the following
A) 1. $160	B) 2. $150	C) 3. $200	D) 4. $183	E) 5. $163
interest on fund A will be 360. rate of interest will be 6% per annum simple interest as 18% is for 3 year. this will make investment A 2360 at the end of 3rd year.   interest on fund B will be 1197 on 30% interest compounded annually. This will make investment B 2197 at the end of 3rd year.   Difference in investment A and investment B=2360-2197= 
<gadget id="calculator">2360-2197</gadget>
<output>163</output>
163   answer is 5. $163.
<result>E</result>
Mike invested $2000 in fund A and $1000 in fund B. Over the next Three years, the money in Fund A earned a total interest of 18 percent for the three years combined and the money in fund B earned 30 percent annual interest compounded annually. Three years after Mike made these investments. Mike's investment in fund A was worth how much more than his investment in fund B?