Solve the Problem. -Kevin Invested Part of His $5000 Bonus in a Certificate

Multiple Choice

Solve the problem.
-Kevin invested part of his $5000 bonus in a certificate of deposit that paid 2% annual simple interest, and the remainder in a mutual fund that paid 4% annual simple interest. If his total interest for that year was $120, how
Much did Kevin invest in the mutual fund?

A) $4988.00
B) $1120.00
C) $4868.00
D) $1000.00