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SAT® Subject Test in Math 1 & 2

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Moderate

Calculating Interest

SATSTM-V1UYCG

Darryl invested $\$12,000$ in two funds paying $4.5%$ and $5%$ simple interest. After one year, Darryl earned $\$580$ interest on the two funds. How much did Darryl invest into the $4.5%$ fund?

A

$\$3000$

B

$\$4000$

C

$\$5000$

D

$\$6000$

E

$\$6500$