hard · GMAT Quant
A total of $10,000 is split between Account A and Account B. Both have the same positive annual interest rate r. Account A earns simple interest, while Account B compounds annually. After 2 years, the interest earned by the two accounts totals 2,060, and Account B has earned 460 more interest than Account A.
How much was originally deposited in Account B?
- $4,000
- $5,000
- $5,500
- $6,500
- $6,000
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